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The broker noted a “significant variation” in renewal outcomes. -
The deal, revealed by this publication in December, values the firm at $14bn.
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Niala Butt joins from CNA Hardy, where she was casualty claims manager.
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The measure could have landed insurers with extra tax on US business.
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The deal puts an equity value of £275mn on the broking firm.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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There has been an uptick in UK retail firms buying cyber after a string of attacks.
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Plus, the latest people moves and all the top news of the week.
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Green hushing is on the rise as Trump rows back on climate initiatives.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
