Bermuda
-
Markel executive Alan Rodrigues will lead the unit.
-
The appointment is part of a reorganization of the Americas business.
-
The company’s results come less than two months after announcing its Lloyd’s syndicate.
-
These cedants could offer the firm access to support their casualty and specialty lines as well.
-
The bridge collapse added 9.8 points to the consolidated quarterly CoR.
-
The firm booked $85mn of pre-tax cat losses, primarily driven by the Baltimore Bridge collapse.
-
The market has advanced in sophistication but must tackle talent, tax and diversification issues.
-
Long-term confidence in the market depends on the details of the new tax rule.
-
The narrative of competition between the two hubs can hold space for benefits.
-
Existing taxes could be lowered under a potential new structure.
-
During the quarter, it booked $137mn in cat losses versus $34mn a year ago.
-
All parties interested in the case have agreed to participate in the process.