Insurers
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The annual claims totalled £5.7bn, the largest amount paid out in any year. -
Michael Wade, who joined Helios in 2023, led the group’s portfolio-restructuring exercise.
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Financial details will not be revealed until the publication of Avolon’s full-year results.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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The agency cited the group’s increased earnings diversification and improved resilience.
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The company has simplified its structure following the retirement of Richard Webb.
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The council has begun gathering data to assess the insurance impact.
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The Lloyd’s carrier is considering options to bring an investor into only the agency side of the business.
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This follows a ruling to declass the representative proceeding filed against IAL.
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The carrier also has a $500mn excess $2.4bn aggregate protection.
