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The class exit comes after it emerged in November that Brit had withdrawn from the space market. -
Getty was appointed to the role in December of last year, having joined Talbot as cyber and technology class underwriter in 2017.
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The carrier has made several senior hires in energy and construction this year.
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Mass construction in remote locations is throwing up challenges around modelling exposures.
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The programme was hit hard by February’s Kahramanmaraş earthquake.
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Last year, the B2B credit InsurTech raised $15mn in Series A fundraising as it looks to continue building its team and expand globally.
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The former Argo executive will join the MGA on 1 January, pending regulatory approval.
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Sources said that with heightened geopolitical risks, pricing is already "much higher" than at any point in the last five years.
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The renewables insurer flagged a “staggering increase” in hail events, which was driving double-digit rate increases.
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The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.
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RedRiff Agency will underwrite A&H insurance and reinsurance through a Lloyd’s consortium led by Beat 4242.
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The broker is hiring in energy following the departure of several downstream brokers for Price Forbes.
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