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Rates are turning negative, and the balance of power is shifting towards the brokers. -
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Energy has been one of the busiest lines across the market for staff turnover this year.
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The underwriter worked for Markel for a decade.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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The result was impacted by recent adverse development on a liability portfolio.
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The Aventum Group broker launched a cargo and stock throughput division earlier this year.
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Reducing duplication of reporting is key, the association said.
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Alexander Schlei will succeed Carsten Schulte in his former role.
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Annual growth in demand for tax insurance ranged between 25% to 40%, sources said.
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The company has exited some transactional liability and commercial D&O business.
