Professional indemnity
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The downgrade comes following the carrier’s disclosure of impacts from a worsening tort environment. -
Shares of Travelers also fell by about 5 percent after the carrier reported its fourth quarter results on Thursday.
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The carrier expects to book a Q4 P&C loss ratio of between 134 percent and 148 percent.
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In its 2020 manifesto the association demands action to get the market segment moving.
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North American PL, international financial products and environmental liability latest shut-downs.
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Former Generali UK manager and head of financial lines hired.
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The new business segment will target premiums of about $50mn-$100mn over the next five years.
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Steven Moore will become lead underwriter for PI as Russell Newell moves to head up MGA Collegiate.
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The InsurTech, formerly named Verifly, sells short-term liability insurance for freelancers and small businesses.
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Both senior brokers work in professional liability, with Jones also operating in the cyber market.
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The senior underwriter joins from Abu Dhabi National Insurance Company.
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The purchase of healthcare liability renewal business comes amid a retreat by SRCS from some specialty classes.
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