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The new product will be led by head of special risks Ed Parker.
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The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.
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Former Chesterfield managing director James Stevenson moves to exec chair.
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Navium has scaled rapidly to become one of the largest marine insurers in the market.
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This publication has reported several exits from the carrier’s Lloyd’s operation.
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The moves are the latest in a period of personnel upheaval in the energy market.
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Seven members of the construction team have resigned, including construction practice leader Patrick Baker.
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The company said insurers’ capacity and appetite had spurred competition over Q2.
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Listen in as Luis Prato, president of the UK and MENA for Liberty Specialty Markets, discusses the role of London within Liberty’s global business, the future strategy of the carrier, and the art of risk selection as a driver for performance.
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The broker’s energy division has welcomed a string of hires in the past year.
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The energy liability market has seen a number of new entrants in recent months.
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Loss assessment is ongoing but the event looks likely to be a total loss.