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CEO David Howden accused rivals of “restricting choice for their own clients”. -
Group CEO David Howden says: ‘Our doors are open’.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The leadership transition at the syndicate was announced earlier this year.
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The newly created role consolidates leadership across UK entities.
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The carrier also benefitted from favourable reserve development in property and A&H.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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The underwriter was head of financial institutions at LSM for six years.
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Matthew Doherty joined the reinsurer in 2018 as SVP, property portfolio manager.
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Cat portfolios generally grew, but casualty approaches varied.
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The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
