The Hartford
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Jo Smart has worked for Torus and Aegis during his two decades in the market. -
High capacity is adding to competition in the upstream energy space.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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The underwriter joined MS Amlin in 2020 after more than 24 years with Markel.
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Fierce competition for cargo talent continues in the London market.
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Underwriting conditions in the financial lines market have deteriorated after major hardening.
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The company’s reinsurance business also has some exposure, the executive said.
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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.
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A spree of new entrants in the cargo market has resulted in recent talent turmoil.
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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
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The underwriter resigned last year and had been due to launch a renewables book at Globe Underwriting.
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Michael Fish will become head of group benefits after Jonathan Bennett’s retirement.
