Bermuda
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The carrier says it expects winter storms Uri and Viola to account for between $80mn and $90mn of claims absorbed during the period.
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The executive says the carrier made strides last year in its underwriting and is well positioned for growth.
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The legacy company chief will also receive a $20,000 monthly housing allowance as he relocates to Bermuda from the UK.
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The Nuclear Electric Insurance Limited subsidiary is targeting US E&S and looking to write business from April.
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Richard Coulson, Richard Holden and Philip Vandoninck will all take on more senior roles.
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A survey from the Bermuda Monetary Authority found almost 60% of P&C insurers have not changed their business strategy in response to climate change.
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The securities have a coupon of 4.875%.
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Moody’s has assigned a Baa2 rating to the securities.
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Legacy acquirer Darag has agreed to buy SunPoint Holdings, the legacy business founded by Fosun in 2017.
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The division had been led by group CEO Kevin O’Donnell on an interim basis following Aditya Dutt’s departure.
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The former global energy CUO takes on the newly created role effective immediately.
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Former senior Verizon executive Michael Millegan has also become a director.
