Insurers
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance. -
Farnworth will also chair the carrier’s audit committee.
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The data modeling firm said losses previously averaged $132bn annually.
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Sébastien Bardy joins from Allianz to lead the firm’s financial scale-up.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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Plus, the latest people moves and all the top news of the week.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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The executive will buy reinsurance for HDI and Talanx’s corporate unit.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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