Chubb
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Of the 178 passengers and crew on board, no serious injuries have been reported. -
Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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The two Asian companies wrote $265mn net premiums in 2024.
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Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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New entrants have contributed to competition in the class of business.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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The cargo market has recently seen a string of moves as new carriers launch into the market.
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The carrier can write marine on company and Lloyd’s platforms after the Probitas deal.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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