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The associate director is exiting the broker’s product recall team after 10 years. -
Severe convective storms accounted for 41% of last year’s insured loss load.
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The company said the proliferation of new MGAs was “great news” for brokers and clients.
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In the food and beverage market, rates are falling by an average of 3%-4%.
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The carrier can claim separately for the Palisades and Eaton fires if necessary.
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The executive has also been made Syndicate 2015 active underwriter.
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The carrier has received more than 3,600 claims from LA wildfires.
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UK regional division CEO Steve Bashford has retired.
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The vehicle has $2.55bn in capital committed by institutional investors.
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There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure.
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The estimate has reduced slightly since the modeler’s last update in October.
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The appointment comes after the departure of Mark Benbow, who is joining Westfield.
