He most recently served as co-leader of Sompo’s global insurance, CEO of GRS businesses.
New appointees specialise in retail and wholesale insurance and programme marketplace.
‘Clients & brokers are asking for more capacity but have been unable to find it.’
The new team includes senior hires from Hiscox, Asta, Arch Insurance and Blenheim.
The insurer has closed the acquisition of a closed-book life portfolio from NN.
Before Hurricane Ian hit, the industry was already grappling with the issue of inflation.
Firm expects to raise additional capital and to retain additional risk.
Pete Chandler was appointed to lead BMS Re North America with a mandate to take the business back to its roots. He has achieved this, and secured solid growth to leave the business well positioned to thrive.
More insurers view it as a strategic option, and not just to discontinue certain lines of business, says CEO.
The rating agency has long-term concerns over the condition of the insurance market in the state.