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Philippe Aerni has helmed the segment’s financial and professional lines unit since 2014.
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Philippe Aerni will lead both casualty and financial and professional lines.
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Improved pricing and strong industry capital have led to Fitch to revise its outlook on the US P&C sector to stable.
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The carrier has put the construction team under consultation.
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AM Best warned that without strengthening, reserves for asbestos and environmental exposures are on track to be exhausted in seven years. -
Casualty reinsurers looking to continue positive pricing movements seen in 2018 renewals.
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Demand for larger limits is also increasing, with a race among brokers to place $1bn in limit.
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Butcher, d’Alessandro and Hunt have left the business.
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The Sirius-backed MGA is growing rapidly in $53bn market.
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The French insurer will pay EUR584mn for the Chinese carrier.
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The planned cover follows a decision by the car insurer pool’s member companies to shoulder the risk collectively.
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The Wisconsin-based P&C insurer currently has an financial strength rating of A.
