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Loss activity in the upstream market remains benign, adding to softening.
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This publication reported in October that Debbie Hobbs was to exit Miller after four years.
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Stephenson will start his new role in early 2026.
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Insurers must avoid being a “blocker” in development and financing decisions.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the downgrade.
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Volt was launched in October 2024 to support clients through the energy transition.
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The facility is led by Beazley’s Smart Tracker.
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Executives also agreed that facilitisation is a structural market change.
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The syndicate aims to write £80mn of programme business in 2026.
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The latest guide is the first in a two-phase programme with a practical guide to follow.
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Tim Wakeman joined Marsh in 2021 and previously worked at Elseco.
