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Insured losses for 9M 2024 have hit $102bn, according to a report. -
Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
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The pair will report to Imea CEO Julian Samengo-Turner.
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The MGA said there was a “notable imbalance” between supply and risk exposure in the D&O space.
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The launch will add to a marine portfolio which already includes cargo and reinsurance accounts.
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Ball will succeed Jeff Poliseno, who is set to retire.
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Ralph Beutter, currently the board member responsible for specialty lines, is set to retire in May 2025.
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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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