Berkshire Hathaway
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Early private deals have provided far more stability in this year’s renewal than last. -
Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.
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Citizens’ board is slated to meet on May 16 at 13:30 ET to discuss the reinsurance and risk transfer program.
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Given better pricing following a disappointing January 1, the company increased its exposure significantly.
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Browne becomes deputy global chief underwriting officer and Holmes assumes the role of global underwriting officer of property for energy and construction.
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The move is the latest in a series of several personnel exits from Aviva’s commercial lines operations.
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The pair have spent a quarter of a century working in the insurance sector.
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Prior to joining BHSI in 2020, Ben Ruddlesdin worked as an underwriter for The Hartford.
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TransRe contributed $986mn of P&C re premium during the year.
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The firm opened its Zurich office last year with the aim of underwriting property, casualty and professional lines.
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The new recruit was previously head of Aviva’s Global Corporate Solutions unit.
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It is understood that the executive will be joining the conglomerate’s reinsurance business, run by Ajit Jain.
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