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The 737 Max fleet was previously grounded in 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, when Boeing had a $500mn sub-limit on such claims. -
The senior underwriter has 35 years’ experience in marine business.
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Insurance competition remains vibrant in some of the segments that remain most exposed to persistent risks highlighted by the flagship World Economic Forum report.
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Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.
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The carrier has made numerous energy and power appointments in recent months.
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Prior to his resignation, Stubbs held the role of deputy class underwriter at Chaucer Group.
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The Build consortium will target sectors including renewables, power, waste to energy, infrastructure and innovation.
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Prices are surging as a result of heightened risk but coverage remains readily available for shipowners.
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Traditional InsurTech offerings for the UK mid-market "often fall short", according to Cowbell UK’s Simon Hughes.
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The 11th hour settlement came just days before the case was scheduled to be heard by the New Jersey Supreme Court.
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Salvatore Sama has been named global product head for casualty, while Jane Farren has been named global head of financial professional lines.
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