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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.
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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.
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The aviation specialist has shaken up the manufacturers' market by winning the likes of Airbus, Rolls Royce and Leonardo.
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CEO and president Dan Glaser called the results, which included double-digit insurance and reinsurance organic growth, “outstanding”.
Opinion
20 July 2021
Underwriters warned of a need to sustain profits and the risk of losses as plants are reactivated.
Analysis
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Analysts believe 2021 will be a “transition year” for Hiscox, Beazley and Lancashire.
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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.
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There has been an uptick of event cancellation business flowing from the US, which is attracting rate rises of around 50%.
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The keenly anticipated antitrust showdown has now been scheduled for November 18.
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