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The ratings agency warned negative PYD on US casualty will likely continue. -
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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The Bermudian reiterated its pledge to improve performance.
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The CEO said the carrier will prioritise margin over top-line growth.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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The changes affect operations in Switzerland, Bermuda and the US.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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The underwriter joined Catlin in 2006.
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The carrier booked EUR800mn in LA losses in the P&C segment.
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The firm expects to replace the volume with Innovations-channel business.
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Hamilton also expects rising demand and stable supply for 1 June renewals.
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