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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA. -
Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
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The association has published a six-point plan to lessen red tape on brokers.
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The members’ agent said 2024 will still be a profitable year for Lloyd’s.
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Several Marsh energy staff have defected to WTW over the past 18 months.
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Aon is in hiring mode following the departure of several senior brokers to Howden Re.
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The new European A&H business will be led by Samia Baliad, who joins the company from Axa.
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The carrier is the largest writer of homeowners’ multi-peril in the state.
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Losses are likely to fall within syndicates’ loss budgets, it said.
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The biggest riser in this year’s Allianz Risk Barometer was climate change.
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Brock served for nearly 37 years at the firm.
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CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.
