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The measure could have landed insurers with extra tax on US business. -
Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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With the added capacity, the MGA can offer up to $35mn per risk.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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The executive will report to US construction practice leader Jim Dunn.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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The outages began around 07:00 ET on Tuesday.
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The insurer’s system has now been out of commission for over two weeks.
