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The marine expert has worked for Axa XL and Catlin for most of his career. -
The marine carrier reported a ‘benign’ P&I claims environment.
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The business will be supported by up to $200mn of Lloyd’s and London underwriting capacity.
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The timing of the incident could leave carriers running large net exposure for the remainder of the policy year.
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The broker will sponsor a fellowship for a researcher working at the university.
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Proving war-on-land coverage has been challenging, given the lack of reinsurance cover available.
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The news follows an announcement from the MGA last week that it has taken a Lloyd’s box.
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WTW is looking to strategically hire across its business, having rebuilt its team following the failed Aon merger.
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Ian Gooch will be stepping down as CEO after 15 years leading the P&I club.
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The carrier said it has “moderate exposure” to the bridge collapse.
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The IG said that around 800 tankers have left group clubs because of the cap.
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The MGA can also offer cargo war risk coverage of up to $100mn.
