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The short-tail buildout will feature lines including political violence and marine. -
QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
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Police and civil authorities will likely pick up most costs.
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New capacity and increased competition is bringing rating levels under pressure.
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Riots erupted in the Pacific Island territory last month over electoral reforms.
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Dominic Kirby’s departure follows that of PV head Henry Gillingham and casualty treaty head Stuart Dale.
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The flurry of London market PVT hiring continues.
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The PVT team will be part of a new crisis management unit under Luke Powis.
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The underwriter has been with Westfield since November 2020.
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The underwriting head has worked in the London market for 25 years.
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The broker has also placed a new cyber facility.
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Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again.
