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The broker said that there could be a flattening of rate decreases in the hull market in 2026. -
A limited number of broking staff are also leaving the business, including downstream head Dan Nicholls.
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Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
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The executive has spent more than three decades in insurance.
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Arch will continue to provide long-term capacity for the MGA.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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The company has also expanded its relationships with US and UK MGAs.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The leadership transition at the syndicate was announced earlier this year.
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