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The broker said outsized claims experience for the 2019/20 period had left some mutuals struggling. -
The industry is trying to recruit younger talent as it struggles to replace retirees.
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A blast on the Stolt Groenland in South Korea is another blow to the stressed segment.
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Pene Reuben re-enters the market after leaving Allied World in April.
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Christopher Drake was previously at Barbican Syndicate 1955.
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The underwriter will join a marine team headed by John Potter.
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The Chinese shipping giant swaps London for domestic carriers following sanctions.
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The senior partner is to follow Lloyd & Partners’ founder to the broking start-up.
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The carrier’s risk appetite in the lines is expected to be unaffected by the departure.
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The concept of emerging risk continues to dominate insurance boardrooms, with subjects such as opioids, cyber and climate change all topics that are frequently raised.
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A group of marine experts warned that new technology is not a panacea for insurers and shipowners seeking to cut costs.
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Broad cargo coverage is failing to match premium volume, Munich Re’s Sean Dalton said at Iumi’s conference.
