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A number of staff will be leaving the D&O team as a result of the restructuring.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Robert James is set to join the Bassel Matta-led team.
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Connor O’Riordan has served as chief capacity officer and group head of corporate finance.
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He joins from MS Amlin, where he was lead underwriter for US casualty.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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Tom Hester joined the broker in 2018 as SVP.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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California wildfire losses were partially offset by improved underlying underwriting.
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Plus, the latest people moves and all the top news of the week.
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The family-owned group is embarking on a major international expansion.
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What does it take to turn a family-run insurance group into a global powerhouse?