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Quota share commissions are under pressure amid changing buying patterns. -
Riots erupted in the Pacific Island territory last month over electoral reforms.
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Dominic Kirby’s departure follows that of PV head Henry Gillingham and casualty treaty head Stuart Dale.
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The flurry of London market PVT hiring continues.
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The launch comes after the broker established a marine division earlier this year.
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Re-marketing of large fleets can result in double-digit rate decreases as carriers chase income.
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The PVT team will be part of a new crisis management unit under Luke Powis.
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The underwriter has been with Westfield since November 2020.
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The underwriting head has worked in the London market for 25 years.
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The ratings agency said improvements in cyber hygiene, underwriting and policy language were contributing factors.
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The new hires include ex-Liberty underwriter Mike Hart and Gallagher partner Matthew Giddings.
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The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
