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The Lloyd’s carrier is expected to try to claim multiple times under the policy. -
Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
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Plus, the latest people moves and all the top news of the week.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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The carrier reported an increase of 82% in pre-tax income.
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The underwriter left Navium Marine last year and before that worked at Atrium.
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The move will impact around $50mn of gross written premiums in total.
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Cat losses of $1.5mn, net of reinsurance, were primarily due to severe convective storms.
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Duc Tu and Lucy Howard have resigned from Atrium.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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