While the construction market is seeing rate rises slow to single-digit increases, anecdotal evidence shows the cost of construction claims is 20% up on 2021.
Phoenix’s original letter, penned by CIO and co-founder Gary Channon last week, described the carrier as being “not competently led” by executive chairman William Spiegel.
Josh Hearnden becomes the second recent acquisition to the Mosaic PV team of late, following the news in May that Luke Bennett was joining from WRB Underwriting.
In a letter to the Treasury Committee, Bank of England Governor Andrew Bailey said the bank does support proposals to enhance regulatory accountability.
The report has highlighted how different scenarios arising from the conflict could affect the global economy, with particular warnings on sector exposures to cyber attacks.
Gallagher is continuing its hiring splurge within its construction practice, as Marsh’s Stuart Freeman looks set to become the latest addition to the team, Insurance Insider can reveal.
