Bermuda
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The incoming CUO joins from InsurTech MGA Kettle, where he was also CUO. -
The shares expected to be bought back in the tender offer represent around 11.5% of White Mountains' shares outstanding as of 19 August.
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The Bermudian will also collaborate with Insurate in developing and underwriting products in the medium- to high-hazard workers’ compensation segment.
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Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking.
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Plus the full Insider Honours winners list, people moves and all the top news from the week.
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The firm’s leadership said a pattern of strong results is needed before triggering an IPO process.
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Hurricane Earl is forecast to pass southeast of Bermuda, but tropical-storm-strength winds are predicted to hit the Island on Thursday.
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ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.
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Nat cat losses added 11.8 points to the combined ratio at 101.5% over five years on average, S&P has found.
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Research from this publication exposed a dearth of female leadership in the Lloyd’s market.
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The combined ratio improvement was driven by an increase in net premiums earned, favorable development of net loss reserves from prior accident years and current devaluation.
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The carrier said its ultimate net losses in Ukraine since the start of the conflict were towards the lower end of its initial range, at $22mn.
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