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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley. -
The market is shifting towards capital relief, with fewer, larger deals.
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Oversupply of capacity will outweigh casualty and per-risk concerns.
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Last summer’s hail loss has crept significantly for many Italian cedants.
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Competition among insurers is rising as new carriers enter the market.
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He joins from Odyssey Re, where he was treaty underwriting VP.
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The underwriter will report to Kristina Maffit.
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The company is still working to get debt holder approval for the Accredited deal.
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Mitha joined Compre in 2022 as chief actuary, North America.
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Fleming has claimed breach of contract and is seeking roughly $78mn in “economic concessions”.
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The company reiterated its commitment to consummating the Accredited sale.
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Syndicate 609 will focus on deploying capacity in D&F and specialty.
