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The fairly late notification and the size of the claim have prompted some to question whether further substantial Uri claims could be in the pipeline. -
Sources said Cinven-Tysers talks are focused on valuing the contingency business and issues around cultural fit.
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The Willis veteran becomes the latest fac executive to depart, following the recent exits of Alf Garner and Antonio Tosti.
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The appointment follows the departure of Richard Spencer to marine war MGA Vessel Protect.
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Howse most recently spent four years as an oversight manager at Lloyd’s.
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Managing director Andrew Walsh is set to take the helm of the wholesale operation.
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Personnel displacement is high in the cargo sector following several years of rating correction.
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Brokers were informed on the final working day before the 1 June renewal that the MGA would not be able to honour renewal quotes for cyber clients.
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The account move follows Airbus decision to switch to the independent broker earlier this week.
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The underwriting executive will oversee lines including cyber, D&O and casualty.
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The SIAB has abandoned the project, with no other syndicates currently involved.
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The resignation comes amid an uptick of competition in the class after four years of positive rate development.
