The Hartford

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.

The executive joined Navigators in 2010 after eight years at White Mountains Capital.

The underwriter joined MS Amlin in 2020 after more than 24 years with Markel.

Fierce competition for cargo talent continues in the London market.

Underwriting conditions in the financial lines market have deteriorated after major hardening.

The company’s reinsurance business also has some exposure, the executive said.

Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.

A spree of new entrants in the cargo market has resulted in recent talent turmoil.

The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.

The underwriter resigned last year and had been due to launch a renewables book at Globe Underwriting.

Michael Fish will become head of group benefits after Jonathan Bennett’s retirement.

Clayton will join the carrier’s global credit and political risks team, reporting to James Wilson, head of credit and political risks.

She joins the D&O team in London following the exit of senior underwriter Tim Carpenter, who is joining BHSI.

Personnel movement in the class remains elevated as carriers look to secure top talent while underwriting conditions are profitable.

The Connecticut-based insurer said $138mn in cat losses stemmed from its commercial lines segment, while $47mn came from personal lines.

After this publication reported The Hartford’s exit from AVN52B, the carrier’s Lloyd’s business has now confirmed its exit from the entire aviation war class.

Jack Bardrick will manage broker partnerships, facilitate new business opportunities and develop growth initiatives.

It’s understood that Inigo pulled out of the class due to rising reinsurance costs, while The Hartford has exited following the departure of its head of PV and terrorism, Grant Witheat.

The company increased its attachment point on the $200mn aggregate cover to $750mn, up from $700mn.

The hire follows the appointment of Keith Mather to head up financial lines for the international business.

Keith Mather will be responsible for building a book of international retail and wholesale financial lines business, as well as the long-term growth of global specialty.

The former head of international financial lines will report to executive chairman Matthew Fosh.

Syndicate 1221 is expected to return to underwriting profitability for 2021, The Hartford’s head of international Carl Bach said.

The Hartford’s customers will have access to Swiss Re’s globally standardised property wordings and online platform.

The carrier has faced a string of resignations amid a battle for talent in the D&O market.

Garrison will lead the strategic direction, growth, and underwriting for the Navigators brand as well as manage relationships with the company’s wholesale distribution partners.

David Robinson will work in a senior business management role and report to CEO Matthew Fosh.

The carrier has seen an exodus of financial lines staff amid a battle for top talent in the line of business.

The latest Plane Talking report also highlights that The Hartford and Inigo are finalising preparations to enter the airline market.

The nature of the hire demonstrates the level of competition for top talent in the sector.

Speaking at an investor conference on Monday, CFO Beth Costello said the company expects losses to fall well below Hartford’s cat program retention.

Plus the latest senior executive moves and all the top news from the week.

The surge likely reflects talk in the buy-side community fuelled by tracking the latter's private jet.

A number of employees have recently resigned from the carrier as high staff displacement continues in the D&O space.

Staff displacement has been high in the D&O market after a period of dramatic rating adjustment in 2020.