Specialty lines

The team is led by industry veteran John Lentaigne.

The broker will be based in Oslo and drive expansion in the Nordic region.

The only major product line to see rate increases was casualty.

The board of directors was unanimous in its decision.

Private equity investors may not have the same timeline as the multi-year construction projects they’ve invested in, which could leave surety writers holding the keys if private equity walks away, said Mike Keimig, president and CEO of Markel Surety.

The carrier announced a major writedown in its L&H book last year.

Insolvencies caused by the tariffs could also cause increased losses

Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.

The business will divide into US wholesale and specialty, and programmes and solutions.

The underwriter is to run a new fine art and specie operation.

Alongside Chatterjee, SVP Dharma-Wardana has also exited the team.

Giles Hussey is set to join from Guy Carpenter.