Professional indemnity
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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. -
Covid-19 has led to a surge in potential exposure in what was already a challenged market.
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Tesla says it has not renewed D&O cover for the 2019-20 policy period because of the cost of premiums.
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The syndicate reported a £25mn profit for 2019 as it delivered strong investment returns.
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