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There has already been an influx of new capacity from MGAs into the power market.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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The company was hit with a data breach on July 16.
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Plus, the latest people moves and all the top news of the week.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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The broker has been on an aggressive hiring spree overseen by Lucy Clarke.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The overseas division booked a combined ratio of 94% for the quarter.
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Beth MacGregor and Adam Vulliamy are also set to join from Axis Capital.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The insurer has substantially expanded its marine team in recent years.