Marine
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A claim on that scale would test the market in ways it has never seen.
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The complexity of the incident and US location point to one of the largest ever marine losses.
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The value of the bridge is estimated at $1.2bn.
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A Maersk-chartered container ship caused the Francis Scott Key Bridge to collapse.
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The business will be led by Alex Kirkby, new head of marine and energy.
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Rokstone Underwriting has announced a $25mn North American marine facility backed by Allianz Commercial.
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Kowell succeeds Michael Pellegrini, who was appointed head of specialty for both markets last month as Michelle Sartain took over as US and Canada president.
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The report noted that, overall, marine insurance results appear to indicate growth, which Iumi welcomed after a prolonged period of negative returns.
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Berisha will serve as head of US marine cargo, Vandermyde as underwriting manager, inland marine.
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The appointment is the latest senior hire from AIG for the MGA, which recently hired Jordan Lanford as aviation head.
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Stoik has more than 35 years of senior management, underwriting and broker experience.
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He will be responsible for oversight of all aspects of the practice and leading the firm's growth in the market.
Most Recent
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AM Best downgrades State Farm General Insurance FSR to B
March 28, 2024 -
M&A weekly roundup: Risk Strategies and NFP
March 28, 2024