Launches Lexington Middle Market Casualty, focused on small and midsize entities. Paul McLaughlin heads the team, which is composed of casualty underwriters at Lexington as well as small brokerage teams from subsidiary Western World Insurance Company.
Changes dual-channel distribution strategy for specialty and E&S solutions such that commercial, specialty and E&S products placed via retail brokers will be Liberty Mutual branded and Ironshore will become a wholesale-exclusive brand.E&S casualty and shared/layered property as well as wood-frame builders risk will fall under wholesale, with more products to be realigned in the future. >> Hires Julia Chu as head of underwriting planning, performance and portfolio management, a newly created post. She moves from Markel, where she was chief risk officer. >> Hires Thomas Leahy as global product leader for financial lines, a newly created role. He moves from GRS North America Specialty.
Jed Rhoads will retire at year-end from president and chief underwriting officer roles in global reinsurance. Don Bahr will move up to president. Tod Costikyan will take up chief underwriter duties.
Now offers excess E&O for cyber risks in the tech industry with limits up to $15 million above $10 million attachment point. Underwritten by Mosaic’s Lloyd’s syndicate.
MS Amlin Underwriting hires Simon Morgan as head of property delegated authority. He joins from Hiscox. >> MS Amlin AG rebrands as MS Reinsurance and will focus solely on reinsurance business. Robert Wiest is CEO.
Northcourt, Optio’s nuclear energy underwriting subsidiary, hires Ed Butler as senior advisor to help increase Northcourt’s gravitas with government and nuclear sectors. He moves from Pool Re, where he was chief resilience officer.
Hires Scott Egan as CEO. He moves from Royal & Sun Alliance U.K. & International and replaces Daniel Mallory, who was serving in interim capacity after Siddhartha Sankaran left in May for another opportunity.
Specialty Underwriting Insurance Solutions division rolls out renter-occupied housing program, called HABX, for real estate owners and real estate investment trusts that own large portfolios of apartment units. Written on A-rated paper. >> Brokers Service Marketing Group (BSMG) division hires Michael Hefferon as chief strategy officer. He moves from life insurance marketing organization Libra. Specialty Program Group bought BSMG in December 2021 to anchor a life and annuity platform, which it is now building.
Launches A&H stop-loss solution for self-insureds using artificial intelligence. SkyVantage leverages Gradient AI’s SAIL medical underwriting solution with its vast medical data and machine learning capabilities to improve the underwriting process and provide highly customized, cost-effective solutions to self-insured market.
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