-
The marine market has had several new MGAs launch into the sector. -
Coverage is still available, but large losses could “move the dial” on pricing.
-
The carrier has also hired Craig Bedford as specie underwriting manager.
-
The carrier is expanding its marine footprint in 2024 through its Lloyd’s and London branch.
-
Swiss Re will transfer its Genoa-based hull business to Dual Europe and provide the MGA with underwriting capacity.
-
Sources said that the market was not sufficiently profitable to concede ground on pricing.
-
The marine entry will be backed by Axeria IARD, SiriusPoint and Sompo International.
-
The carrier confirmed that coverage will renew on 20 February 2024.
-
High staff turnover in the cargo market is continuing this year, following elevated movement in 2023.
-
Price Forbes has been hiring across specialty lines, and recently appointed Howden’s cargo head Jonathan Eaton.
-
An escalation of conflict at the end of last week is expected to put significant upwards pressure on marine war rates.
-
The senior underwriter has 35 years’ experience in marine business.
