Marine
-
The carrier’s global head of hull Mike MacColl resigned from the business earlier this year to join Atrium.
-
Sources estimated the settlement would have had to exceed $200mn to hit the lower layers of the tower.
-
The consortium, understood to have a limit of $30mn, is targeting mid-market business.
-
The carrier has been rebuilding its team after Alasdair Butler and Lee Aspinall left to launch an MGA.
-
The marine market is expecting a sizeable claim from the ship, which sunk last month off Sri Lanka.
-
The executive joins after 16 years at Mar Risk Services.
-
A total of 13 companies, including five brokers and eight insurers, will now be able to trade digitally across the (re)insurance lifecycle without geographical limits.
-
There has been an influx of capacity in the cargo market after several years of improved pricing conditions.
-
The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.
-
The business recently expanded into the cargo market with an underwriting cell headed by Nick Derrick.
-
The carrier has reshaped its hull leadership team since the departure of global head of hull Mike MacColl.
-
Sources raised concerns about a consistent trend in claims inflation and the long-term prospects of profitability.
