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The team is led by Graham Gardner and will operate from Seattle and Oregon.
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The executive warns of a deteriorating investment outlook for next year.
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The company insider will take up the newly created role in March next year.
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The company makes the appointment as it prepares to move forward as an MGA only.
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(Re)insurers give pricing a lukewarm reception, but placement proceeding smoothly. -
Michael McKenna said US carriers must ensure rates and placement terms are sustainable.
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The move by the insurer accompanies a decline in marine capacity at the marketplace.
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The mutual said the rise was necessary to ensure financial stability amid rising claims.
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The Fleet UK product is distributed around 600 brokers and combines risk management services, with telematics and fleet analysis.
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Lloyd’s has announced it will clamp down on silent cyber in the new year.
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The capsized car carrier is set to be dismantled as part of the wreck removal operation.
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The Japanese-owned reinsurer will write one of three private policies that form part of the marine reinsurance programme.
