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The newly launched Marco Re will be led by Mark Elliott as CEO. -
There remain 22 defendants still challenging the venue for claims hearings.
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The carrier said it has acted prudently on 2016-19 GL loss trends.
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The appointment follows the resignations of Shaun Russ and Ian Davidson.
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Shannan Fort was a partner in McGill’s FI and cyber team.
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The broker has been adding to its capabilities in the region.
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Paul Western has been promoted to head of hull underwriting.
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The carrier has also hired Henry Henderson from Liberty.
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Being underweight US casualty gives the firm more room than peers to manoeuvre.
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Sources said the initiative includes former Ambridge executive MD Jeff Doran.
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The marine market has had several new MGAs launch into the sector.
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Coverage is still available, but large losses could “move the dial” on pricing.
