Asia Pacific
-
The recruits will join from Nephila, Aon and Malaysian Re.
-
The underwriter has worked for Markel in Singapore since 2020.
-
The transaction marks the largest US market entry by a Korean non-life insurer.
-
Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
-
The major storm is set to move on to mainland China later in the week.
-
The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
-
The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
-
The firm has also updated the loss-calculation engines of existing Jeannie tools.
-
The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
-
The all-cash deal values the Bermudian’s stock at a 36% premium.
-
This publication first reported deal talks last week.
-
Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.