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A total of 30 carriers entered the US public company D&O space in 2023.
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The market is shifting towards capital relief, with fewer, larger deals.
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Oversupply of capacity will outweigh casualty and per-risk concerns.
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The complexity of the incident and US location point to one of the largest-ever marine losses.
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Last summer’s hail loss has crept significantly for many Italian cedants.
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The value of the bridge is estimated at $1.2bn.
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Insured losses from civil unrest have risen over the last decade to total $7bn in 2020-23.
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A Maersk-chartered container ship caused the Francis Scott Key Bridge to collapse.
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Stefan Sperlich will lead the new division as managing director.
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There is more capacity in the market for long-term risks.
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The team of brokers worked for the recently acquired Protean Risk.