The Hartford
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Sandy Warne will report to former Lexington chief George Stratts at the Lloyd’s start-up.
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The ratings agency has also lowered the ICR of The Hartford subsidiary.
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Premia will use the entity as a platform for legacy deals in the continental European insurance market.
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Mini-MDLs will be established for some lawsuits brought against Arch, United Specialty and Society Insurance. -
The broker notes that Covid-19 will have a long-term impact on classes of business including D&O.
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The MGA platform has acquired the renewal rights for a book of cargo, hull and liability policies.
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William Steinberg was senior vice president and commercial property head at the AIG unit.
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The ratings agency expects Navigators’ future underwriting results to be affected by lack of scale.
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A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.
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The case follows lawsuits lodged earlier this month against Travelers by the firm.
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Upstream energy is unaffected by the pullback.
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Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.
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