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The WR Berkley CEO highlighted areas for concern in professional liability lines.
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Nichols will serve as chairman and interim CEO of Protective following the resignation of Randall Birchfield. -
WR Berkley beat Wall Street consensus estimates, with results benefiting from higher income from investment funds.
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Chubb beat Street EPS estimates and reported an operating RoE of 8.7 percent, with earnings benefiting from its ceded reinsurance strategy
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The regional carrier has a $35mn retention, which could be partially reduced by additional reinsurance recoveries from supplemental Non-Florida reinsurance program.
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Some will interpret the planned disposal as a positive sign the continental European legacy market is opening up.
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The current deputy CEO will lead the specialty broker after Rugge-Price steps down.
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The portfolio for sale holds EUR90mn of Irish public liability and employers' liability exposures.
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The Hartford’s $2.1bn acquisition of Navigators was announced on 22 August.
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Shulman will oversee operations in the United States and Canada as part of organizational restructuring.
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The reinsurer was hit with estimated Q3 cat claims of $240mn from losses including Florence, California wildfires and typhoons in Japan.
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The majority of losses come from Typhoons Jebi and Trami in Japan.
