Miller

The intermediary is already a large recall player in the US.

Hayley Malin, who has more than 25 years’ experience in the industry, joins from RKH Speciality.

The broker has also appointed Rebecca Harvey from Besso to focus on North American production in D&O.

Rate increases appear to be tapering across the market, except for loss-making accounts, which have experienced restructuring and substantial increases.

Chris Hardcastle joins from Alesco Risk Management, where he held the role of managing director of delegated authority for 10 years.

Miller has expanded its European cargo operations with the launch of a French team.

The intermediary counts the majority of French international footballers among its clients.

Michael Edwards, Charlie Lunn and Toby Pearcy all join from AmWins Global Risks.

The broker said new entrants were “holding their nerve” and that clients should not expect insurance spend to be slashed.

Rates are continuing to rise with most sectors experiencing around 15% increases, but, in some cases, cyber accounts had increases of up to 300%, according to Miller’s latest market update.

King is joining Miller as part of its Asian expansion strategy, with the independent broker hiring Ron Whyte as its head of strategic development in Singapore just a few months ago.

The broker will be responsible for leading and developing the surety offering.