Professional indemnity
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Antonio Bellanca will lead the PI line, working alongside three former Neon colleagues.
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A round-up of InsurTech news from 13 March to 20 March.
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WTW’s former executive director of financial and executive risks will lead the division.
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Chloë Cox comes from Marsh JLT Specialty and Alex Atkinson was previously at Alesco.
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The analyst said claims development in the sector usually takes three to five years.
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Jarrod Schlesinger said insurers should engage with industry groups on the issue.
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Recent rate rises have been partially offset by rising defence and cost containment expenses. -
Fitch placed ProAssurance ratings on negative watch following the announcement of the acquisition, noting concerns about the medical professional liability space.
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Pre-adverse development cover, the carrier saw impact from directors’ and officers’ and mergers and acquisitions-related business.
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The broker has experience placing business for offshore law firms and trust companies.
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Inside P&C questions whether emerging pressures in medmal are receiving enough attention.
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The tussle over the financial lines broker comes amid rising competition for talent between rival insurance intermediaries.
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