Marine
-
Meco's 2024 gross written premiums totaled $63mn. -
Technical pricing is insufficient in some areas and inflation is biting into margins.
-
The program is being launched through subsidiary Southern Marine.
-
The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029.
-
The carrier laid out its business mix for the newly launched reinsurance syndicate.
-
AIG veteran Kevin Bidney will focus on North American marine.
-
Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
-
The underwriter will be based in New York and drive underwriting strategy.
-
Competition for specialty reinsurance talent remains high.
-
Robin Hamilton has been appointed head of energy and marine liability.
-
Former COO Jack Falvey’s appointment as CEO was reported last August.
-
The MGA secured backing from buyout heavyweight KKR in March 2021.
Related
-
Miller continues marine team expansion with Pierpoint hire
November 28, 2024 -
Cargo market faces $50mn Helene loss from Dr Pepper warehouse
November 08, 2024 -
QBE to launch US inland marine offering with AIG’s Primerano
October 15, 2024 -
Hurricane Milton: The real test of the Florida market
October 09, 2024 -
HDI Global launches US inland marine unit, led by Molosky
September 18, 2024