Patrick Drummond – Distinguished Programs

Distinguished to enter fine art and collectibles with Drummond hire from Axa XL

2022-12-06T13:59:00+00:00

The new management team of Aquiline-backed Distinguished Programs have made their first statement hire by bringing in Axa XL’s head of Americas art and specie Patrick Drummond to launch a fine art and collectibles program, The Insurer can reveal.

Best's PA for DUAE's

AM Best gives delegated authority segment positive outlook in inaugural review

2022-12-05T16:04:00+00:00

AM Best has issued a positive outlook for the delegated underwriting authority enterprise (DUAE) market in its initial review of the segment, noting that the distribution channel is “increasingly proving” its ability to handle emerging risks.

Jeremy Hitzig – Starfish

Programs start-up Starfish secures $3mn to fuel further expansion

2022-11-30T16:11:00+00:00

Start-up program administrator Starfish Specialty Insurance has secured $2.5mn of fresh equity capital and $0.5mn of debt in a second round of fundraising which the New York-based business said will be used to support its further growth.

Core Specialty and Professional Risk Facilities

Core Specialty partners with PRF on habitational excess liability program

2022-11-29T14:52:00+00:00

Core Specialty has launched an excess liability program covering habitational risks with program administrator Professional Risk Facilities (PRF), marking the second PRF program to receive capacity support from the specialty insurer.

Steve Dresner Wyatt Blackburn Everspan

Everspan names Dresner president as Blackburn retires

2022-11-29T14:11:00+00:00

Ambac-owned participatory fronting carrier Everspan Group has promoted Steven Dresner to president, succeeding Wyatt Blackburn, who has retired.

PM-MONTHLY-EDITION

Welcome to the November edition of Program Manager, your monthly digest of important developments in the program insurance space.

PM Profile

PERse – renewable energy

PERse eyes capacity to support growth amid increasingly competitive renewables market

2022-11-28T13:54:00+00:00

Ryan Specialty’s renewable energy-focused MGU PERse is diversifying its book of business and eyeing opportunities in emerging technologies, while also targeting new capacity providers to support its growing platform at a time when interest and competition in the specialist sector has never been higher.

PM Profile

Keith Higdon Mission

Mission UW looks to diversify carrier panel after signing up 19 series

2022-11-04T14:18:00+00:00

Turnkey platform Mission Underwriters is in talks with a number of carriers to diversify capacity options and hopes to have three more signed by the end of 2022 as it continues to scale up and looks set to pass the $150mn premium mark from 19 series so far this year, ...


People Moves

Patrick Drummond – Distinguished Programs

Distinguished to enter fine art and collectibles with Drummond hire from Axa XL

2022-12-06T13:59:00+00:00

The new management team of Aquiline-backed Distinguished Programs have made their first statement hire by bringing in Axa XL’s head of Americas art and specie Patrick Drummond to launch a fine art and collectibles program, The Insurer can reveal.