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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award. -
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Alcor has also opened an Atlanta office, broadening operations in the US market.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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Claims were concentrated in the US, with a significant increase in D&O class actions.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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The medical liability carrier said the deal marks a strategic shift.
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SiriusPoint will provide 100% capacity for Pen’s international PI portfolio.
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Questions remain over regulatory touch, capital requirements and tax benefits
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Peter Cordell will join Syndicate 1729 in January.
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