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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter. -
CEO Adrian Cox said the market could turn on “unexpected events”.
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The retailer’s partners are looking to join forces to secure better deals.
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Cyber and property experienced the largest price reductions.
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Co-founder and CUO Jacqui Ferrier has been appointed his successor.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
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Risk managers at last week’s Axco summit said interconnected global risks require flexibility.
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Investor interest is mounting in German broking assets.
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The commercial risk and reinsurance units delivered mid-single-digit growth.
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The business is majority-owned by Castik Capital.
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The firm said supply and demand was becoming more in balance than at 1 January renewals.
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Managing director Nick Bacon will also exit this summer.
