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Trade credit rivals Coface and Awbury are also entering the market. -
The agency forecasts up to five major hurricanes and 19 named storms.
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Last week Neo Combarro, Lockton’s head of TL announced his exit on LinkedIn.
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Spicer will transition to a global specialty executive chairman role.
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The majority of the savings are expected to be realised in the retail division.
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She will continue to work with the executive team on key projects and initiatives.
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The broker called on carriers to expand coverage into new specialisms.
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In January, 32 Acquinex employees resigned, with 22 moving to Howden’s underwriting arm.
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The aircraft lessor has booked $654mn in settlements from insurers over the past year.
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New entrants to the line of business have heightened competition for talent.
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The carrier’s combined ratio improved by 0.7 points YoY to 91.1%.
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Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May.
