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The decision follows the appointment of John Moffatt as active underwriter.
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Fraser joins the business from Alliant and takes up the role of vice president, energy and marine practice leader
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Senior underwriting executive Mark Engel will join RB Jones and oversee the marine portfolio.
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The company becomes the first P&I club to use the InsurTech’s Quest Marine system.
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London sources reported positive pricing movement, but cautioned international markets pose a threat.
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The carrier will continue to write hull business in Europe from its Genoa office. -
Hull and war underwriter James Connell has been made redundant as part of the retraction.
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A report from the broker said insurers’ tolerance of mediocre results has hit an ‘inevitable bottom’.
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The pullback is one of several lines to be trimmed as the carrier cuts $900mn of premiums from its portfolio.
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The class exits follow the closure of the carrier’s Miami office.
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Cashman Equipment Corp said it believed its five vessels were covered by Lloyd’s of London.
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