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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU. -
David Baldwin joins from EIRS where he was a senior reinsurance consultant.
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The executive will remain CEO of reinsurance until 1 September.
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Tiernan’s former role of chief of markets will be split into two new exec team positions.
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The driver of growth has shifted from rate to volume, as pricing increases tail off.
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Jack Kenneally will take on the role of class underwriter at the MGA.
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This year is predicted to be an above-average season, like 2024.
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The executive set out his vision for the Corporation after assuming leadership.
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The $2.59bn renewal is up 45% from last year.
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Up to nine million acres of US land are considered likely to burn.
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The outgoing CEO said the market had been restored as a leader during his tenure.
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The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
