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Hamilton also expects rising demand and stable supply for 1 June renewals. -
Patrick Tiernan was announced as the new Lloyd’s CEO earlier today.
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The underwriter was part of Probitas’ founding team.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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The MGA is building out its product base from its latent defects and surety offering.
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The group has hired Hines Associates to advise on the process.
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The business is looking to grow its marine offering across its global platform.
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The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
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The CEO-designate will commence his tenure on 1 June.
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Jacqui Ferrier speaks with Insurance Insider in her first interview since taking the reins.
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Cat losses for the quarter added 3.2 points to the carrier's combined ratio.
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Q1 adverse reserve development went down to $4.2mn from $5.4mn a year ago.
