Transactional liability

The MGA has also hired a financial controller.

Liberty GTS saw a 21% YoY decrease in R&W notifications across all its regions in 2023.

The underwriter was head of W&I for the UK and Ireland at Mosaic.

Sources expect at least $80mn-$90mn of insured losses stemming from the case.

M&A levels have increased 23% year-to-date compared to 2023, according to Gallagher Specialty.

W&I premium rates have fallen as low as 0.4% in the UK.

Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.

BP Marsh took a 30% cumulative preferred ordinary shareholding in Devonshire.

This publication revealed Chubb was planning to re-enter the London TL market.

Sources said the initiative includes former Ambridge executive MD Jeff Doran.

Rates have fallen on the back of reduced deal flow in 2023.

Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.