Axis Capital
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Further details of the cyber placement show the risk is fairly evenly spread across the US, Bermuda and London markets.
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The results showed a mixed bag for (re)insurer use of third-party capital.
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Jason Busti will hold the position of North America president.
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The company said “pricing momentum continues to build across substantially all business lines”.
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Axis and Swiss Re were able to top up on ILW cover at the lower end of their targeted costs.
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Robert Hands' arrival reflects the expansion of the reinsurer's strategic partners unit.
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Joe Sweeting will be based in London and work as head of Lloyd's casualty.
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Patel, formerly of Axis, has joined CNA to lead its financial institutions east territory book.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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Almost a third of investors voted against Benchimol’s compensation, which rose 10% in 2018.
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WR Berkley CEO Rob Berkley suggested rate increases were well outpacing loss-cost trends.
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The Bermudian increased its industry insured loss estimate at the end of Q1 from $8bn at the end of last year.
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