Validus Re to lose chief risk officer Kizer
Further resignations were expected after vesting of compensation incentives, following a number of departures from the firm in the past year.
Some observers questioned whether Hiscox would have benefitted from the bigger shake-up of an external hire.
The CEO put Marsh's outperformance down to the economic recovery, price increases and a growing talent bench.
The aviation specialist has shaken up the manufacturers' market by winning the likes of Airbus, Rolls Royce and Leonardo.
CEO and president Dan Glaser called the results, which included double-digit insurance and reinsurance organic growth, “outstanding”.
20 July 2021
Underwriters warned of a need to sustain profits and the risk of losses as plants are reactivated.
Analysts believe 2021 will be a “transition year” for Hiscox, Beazley and Lancashire.
Over the past decade, the high degree of fragmentation within the UK retail broking market has attracted private equity investors intent on consolidating intermediaries to create additional value.
There has been an uptick of event cancellation business flowing from the US, which is attracting rate rises of around 50%.
The keenly anticipated antitrust showdown has now been scheduled for November 18.
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