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Evercore has reached out to a combination of strategics and private equity houses. -
The UK retail distribution firm is run by former Stackhouse Poland CEO Tim Johnson.
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The broker has also named Andrew Herring chair of the division from next year.
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Hurricane Milton was the largest group loss event at EUR290mn for the year.
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Sources warned some property XoL books are already running 50% loss ratios.
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Brokers and service providers dominated transaction activity.
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The broker was a significant producer of jewellers block business to Lloyd’s.
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Stuart Cheers-Berry was delegated underwriting authority controller at PoloWorks.
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The underwriter will be based in New York and drive underwriting strategy.
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The binder will provide capacity for international fac property, power and onshore energy.
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The proportion of women in lead underwriting roles still trails other leadership positions.
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CEO Andrew Carrier says the business has strong “forward momentum”.
