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This follows Ascot hiring Charlotte Brotherton-Farrell. -
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The broker said that pricing dynamics would require careful management, but adequacy remains
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Chris Terry is joining from Apollo to run the cargo book, and TMK’s Louis Robertson will build the specie account.
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The loss of premium income from Glencore is expected to add to competitive pressures running up to 1 January.
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It will be the 16th consecutive year Gard has offered an owners’ general discount.
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He will work for the Spectrum Risk Management business, which was acquired by Nexus.
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The Goldman Sachs-backed broker will buy out BP Marsh’s stake.
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Achieving profitability is increasingly challenging in the volatile but historically lucrative market.
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The launch will add to a marine portfolio which already includes cargo and reinsurance accounts.
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The marine underwriter said the business had grown through taking “very big positions” on programmes.
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How do you build a $400mn MGA? Navium Marine CEO Clive Washbourn told Behind the Headlines that his business is a "fighter jet" out hunting for deals. Navium has built scale by taking on risk "in a fairly aggressive way" with large line sizes available to deploy. Whilst the marine market is now coming under pressure, Washbourn still thinks there is "robustness" in rating, although making money in the volatile Red Sea war market is challenging.
