HCC exits builders' risk

Tokio Marine HCC has exited the US builders' risk market in
a demonstration of the extremely soft pricing conditions being
experienced in the business line, The Insurance
Insider can reveal.
According to sources, the US specialty insurer has parted
company with senior vice president Frank Tricamo and his team only
three years after entering the property construction risk
segment.
Tricamo joined from Tower Group, where he was senior vice
president and national property practice leader.
The depart