General casualty/GL
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The new division is structured into three business units: a chief underwriting office led by Rasmus Nygård, business transformation led by Jörg Hipp and global MidCorp, headed up by Ole Ohlmeyer.
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The SPA was launched in 2019 and generated a combined ratio of 88.8% last year.
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Ress will lead Axa XL’s underwriting strategy for general liability, motor and environmental insurance in Europe and the APAC region.
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Australian insurers are now pursuing a second test case for further clarity on BI policy wording.
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The newly acquired carrier has confirmed a payout of £80mn for UK Covid-19 claims so far.
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The carrier will mobilise 3,000 general agents plus distribution partners to make offers on an “unprecedented scale”.
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The underwriting executive will oversee lines including cyber, D&O and casualty.
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Reinsurers are clamouring for proportional business, while maintaining excess-of-loss rate rises at 1 January levels.
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Ascot Group named Matthew Lillegard to its newly created post of group chief actuary on Wednesday, the latest in a flurry of hires.
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Mathias Neumann was chief underwriter of casualty and specialty at the Japanese company.
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Insiders Mark Appleton and Thomas Stamm take new roles as the carrier expands management of the line beyond Hanover.
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The CFO said that commercial lines business was improving faster than retail, reversing previous trends.
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