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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU. -
TMGX is designed to help insure the green transition.
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Politically related exposures are growing for the marine market.
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New capacity is fuelling competition for talent in the class of business.
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Cincinnati Global entered the cargo market this year.
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TMK formed its specialty reinsurance unit last year.
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The underwriter has held positions at The Hanover, Liberty Mutual and Zurich.
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The broker replaces Louise Nevill, who is joining Axa XL as CUO for specialty.
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Competition is high in specialty reinsurance as new capacity enters the market.
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Insurance Insider revealed earlier this week that the underwriter had resigned from Allianz.
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New capacity continues to enter the hull market, and rates are falling.
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The final month of the year saw an unusually high number of claims.
