Professional indemnity
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A number of staff will be leaving the D&O team as a result of the restructuring. -
The insurer denies it is responsible for the actor’s legal fees.
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Rates continue to drop as capacity is ample, the broker said.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
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The underwriter will manage and develop the MGA’s professional indemnity portfolio.
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The business will trade via London, the US and Canada.
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The appointment follows the departure of two Talbot PI underwriters last year, who left to join Faraday.
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The Aquiline-backed motor syndicate is hiring a team to lead a build-out in specialty lines.
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The appointment confirms the carrier’s prospective involvement in the rapidly hardening market.
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The appointment reflects a diversification push at the carrier.
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The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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The insurer said that stripping out the effects of Covid-19 from counterfactuals would over-indemnify policyholders.
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Mike Newson will lead the division as PI and financial lines manager.
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Bermudian’s Lloyd’s platform to begin underwriting class by early 2021.
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The Allianz unit says the experience of the Sars epidemic suggests general liability claims are likely to remain benign.
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Olivier Hamon and Alice Batchili will write executive and professional lines products from the carrier’s Paris office.
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It will be led by senior M&A lawyer Rob Faasen.
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Michael Lock is the latest appointment to the team led by Niraj Perera, who joined from AJ Gallagher in April.
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The trade body says unpaid premiums and excesses risk making policies unsustainable.
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Massachusetts-based Surround will provide a variety of coverages in one combined policy with a flat price.
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Frank Amandi moves to the new post in Cologne after more than six years with the Allianz unit.
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He replaces Chris Mauduit, who has retired after leading the team for the previous five years.
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Average price growth accelerated to the fastest pace since the recovery began at the end of 2017.
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Global pricing for financial business risks rose by 26 percent in the quarter, according to the broker’s survey.
