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Rate movement is positive and sustained, but has been overshadowed by a string of major losses. -
The Andrew Corton-led book of business transferred to the company from Pioneer Underwriters.
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The commercial lines-focused InsurTech will use the round to improve its platform features.
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The carrier will continue to write reinsurance treaty and crisis management business in the territory.
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The broker said that club members had suffered in both a business and personal sense during the pandemic.
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Work is underway to develop contracts that respond in real time to client needs.
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Stinging energy losses could be added to a slew of painful marine and aviation losses in August.
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The executive will report to marine class underwriter Mark Trevitt.
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The market fears environmental clean-up and wreck removal will result in a fresh hit to the IG programme.
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The resumption of cruising is likely to present additional risks which could result in losses.
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The broker highlights industrial and commercial buildings as the likely source of international property market exposure.
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Satellite imagery from the damaged port suggests that several ships including CMA CGM Lyra escaped with minor damage.
