Pol risk, credit & surety
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings. -
White will join from Allianz trade, and Summers from Talbot.
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The newly united company has set out ambitions to double in size by 2030.
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Cyberattack/data breach remains in the top slot.
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Chilton founded Capsicum Re, which was acquired by Gallagher in 2020.
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Former head of construction Bill Creedon will assume the role of chairman.
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Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.
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What happens when a global broker network decides to fill a gap in the London market itself?
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The combined ratio worsened slightly by 0.5 points to 91.6%.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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Beth MacGregor and Adam Vulliamy are also set to join from Axis Capital.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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Some 185 credit claims were reported in the market, totalling over $400mn.
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Frank Masteling will lead the new business as head of trade credit.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
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Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
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The MGA has recently added casualty and specialty reinsurance divisions.
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The insurer has hired Coface’s Hélène Martin to support its expansion.
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Plus, the latest people moves and all the top news of the week.
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Trade credit rivals Coface and Awbury are also entering the market.
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The broker called on carriers to expand coverage into new specialisms.
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Holmes, Froideval and Cheak will head up the units for London, Europe and Asia.
