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The market veteran is launching the business via Fidelis’s Pine Walk platform with $100mn of capacity. -
Plus in-depth analyses of the accident and health and airlines markets.
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The Suez Canal Authority has detained the ship as parties discuss a disputed $916mn claim.
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The underwriting veteran returns to the market with an MGA hosted on the Pine Walk platform.
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The insurer has been expanding its marine presence in London.
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The $350mn follow-capacity solution will cover cargo, specie, terror, financial products, healthcare and marine.
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Twelve people remain unaccounted for after the vessel capsized on Tuesday afternoon.
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The club says the P&I aspects of the claim were “modest”, with the exception of a disputed loss of reputation claim.
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Much of the delay caused by the blocking of the Suez Canal is likely not insured, although any claims process will be long and complex.
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The former Asia Pacific head of marine will relocate to London.
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The resignation comes as Willis moves towards completion of the mega merger with rival Aon.
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The Dell warehouse loss pushed the Lloyd’s cargo market to a 179% loss ratio in Q2 2020, the broker says.
