Chubb
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This year’s loss activity 'well within our risk tolerances and expectations', syndicate says.
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The carrier declined to confirm whether it will appoint a replacement.
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Richard Porter will assume the role of head of financial lines after serving as general counsel for Chubb Bermuda.
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After Hurricane Katrina, a slew of big composite insurers including Axa and Chubb spun off their reinsurance arms, citing their excessive volatility.
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A Washington state regulator hit Illinois Union with a cease and desist order against underwriting the policies.
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The practice is one of five the P&C insurer operates in the UK and Ireland.
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Repeated record wildfire losses have seen carriers scale back their offerings.
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Antares managing director Stephen Redmond will move into a role at parent QIC Group.
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Report shows insurers are increasing scrutiny of sexual harassment risk.
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Paolo Pitton joins from Chubb to lead the initiative.
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The executive will oversee major accounts in 17 countries.
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London wholesale rates gained 12% in the final quarter thanks to “nimble” action, CEO Greenberg reports.
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