Insurers
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The cyber business will continue to operate as a standalone entity. -
Carriers expect a rise in the severity and frequency of claims over the next two years.
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The executive was CEO at PartnerRe until he retired last year.
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The carrier has entered several new classes recently, including specie and reinsurance.
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The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The international casualty director has worked at Axa XL, Ive and Ardonagh.
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Niala Butt joins from CNA Hardy, where she was casualty claims manager.
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The measure could have landed insurers with extra tax on US business.
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