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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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The two lines will add £11mn in planned premium.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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The executive joins from MSIG USA.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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The Howden MGA established its marine presence in the Netherlands in 2023.
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New capacity continues to flow into the hull market, despite rating pressure.