Insurers
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The executive will provide strategic leadership to underwriting and portfolio management teams. -
CEO Adrian Cox said the market could turn on “unexpected events”.
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Cyber and property experienced the largest price reductions.
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The executive joins from the London Stock Exchange.
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Fierce competition for cargo talent continues in the London market.
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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As the next generation of Names comes to the fore, advisers urge simplification.
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Managing director Nick Bacon will also exit this summer.
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The only major product line to see rate increases was casualty.
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The board of directors was unanimous in its decision.
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The sale price represents Elephant’s approximate net asset value.
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The business will divide into US wholesale and specialty, and programmes and solutions.
