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The broker has also named Andrew Herring chair of the division from next year. -
The hire follows Camilla Gower’s promotion to marine and energy liability head.
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Hurricane Milton was the largest group loss event at EUR290mn for the year.
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Sources warned some property XoL books are already running 50% loss ratios.
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Brokers and service providers dominated transaction activity.
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The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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Stuart Cheers-Berry was delegated underwriting authority controller at PoloWorks.
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The underwriter will be based in New York and drive underwriting strategy.
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The proportion of women in lead underwriting roles still trails other leadership positions.
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CEO Andrew Carrier says the business has strong “forward momentum”.
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Gard acquired Codan’s global marine and energy portfolio during 2024.
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Markel also announced the appointment of Jon Michael to its board.
