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Last month, MGA Acquinex’s 20+ transactional risk team resigned for roles at Howden-owned MGA Dual. -
Insurers are moving to settle with airline lessors over Ukraine claims.
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Sources said that the firm was already preparing to drop the book before the spate of losses.
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The carrier will look to grow business outside North America.
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The US sports disability market has been dubbed the “problem child” due to its volatility.
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The transactional liability class faces a string of potential losses, especially in the contingent segment.
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The broker joined the Ardonagh Group from Gallagher’s Alesco in 2017.
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The marine market has experienced another flurry of personnel movement.
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The division reported revenue up 10.4% at A$204.2mn.
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The departures come after long-serving MD Andrew Hills left the business last year.
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An increase in tonnage from new and existing members drove up income.
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PIB’s broadened sale process is symptomatic of wider investor sentiment around brokers.
