Insurers
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Some 185 credit claims were reported in the market, totalling over $400mn. -
Frank Masteling will lead the new business as head of trade credit.
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The agreement is the second service contract the group has taken on.
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The insurer denies it is responsible for the actor’s legal fees.
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Incumbent Oskar Buchauer is stepping down after 27 years.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
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The carrier has also hired Imogen Wright as underwriter marine and energy treaty.
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Alcor has also opened an Atlanta office, broadening operations in the US market.
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A look into how the insurance industry is using AI and where practical gains are arising.
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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
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