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The resignations follow the exit of hull chief James May, who is joining Convex. -
Claims inflation and the risk of a major marine war loss crystalising in March 2023 is looming over an otherwise buoyant marine market.
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Andrew Davies is leaving Fidelis after a short spell, having joined in June of last year.
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The underwriter will service a full suite of liability products and assist with training junior underwriters.
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The Spanish government has been locked in a dispute with the London P&I Club over a 2002 oil spill.
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The move follows a restructure of the broker’s London reinsurance unit last year.
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The move is part of a wider Ascot strategy that will see the imminent launch of an MGA platform headed up by David Leathem.
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The newspaper reported that the US is urging European capitals to ease the ban in a bid to tame inflation.
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The latest round of sanctions against the rogue state banned the insurance of ships carrying Russian oil.
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Pressure to grow portfolios may ‘put the brakes’ on premium growth, despite pricing adequacy concerns.
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The appointment comes after the MGA brought new capacity to the cargo market last year with a $18mn facility.
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The broker leads a team specialising in the placement of various subsea technology risks.
