The company believes that the new structure will enhance its market position at Lloyd's.
The revised estimate assumes a resumption to some form of normality in the second half of 2021.
The insurer is also resuming its share repurchase programme that was earlier suspended due to COVID-19 uncertainty.
The new practice will be focused on the energy, mining, power, and alternative energy sectors.
The new division will enable Berkley Offshore to expand its footprint in ocean marine.
Karen Clark & Company's cat model pegs the insured losses to be around $2bn, excluding NFIP losses.
BHSI is entering the executive and professional lines market in France.
The appointee led Swiss Re Japan’s growth strategy for both life & health and property & casualty business.
The portfolio will be underwritten in partnership with Hamilton Lloyd’s Syndicate 4000.
New survey reveals that interest in private health insurance has doubled since coronavirus hit.