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He leaves AGCS after almost 10 years at the insurer.
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The segment is characterized by greater volatility than standard lines markets.
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The executive joins from Marsh.
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The move reflects a new era of more enthusiastic - and strategic - reinsurance buying at the US carrier.
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The class of business reported a combined ratio of 130.3 percent for the year.
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The run-off book is said to hold around $500mn in reserves. -
The Cincinnati-based insurer has given Reith and the management team permission to explore an MBO.
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TigerRisk has been appointed to advise on the disposal of the Irish public liability and employers' liability book.
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Workplace harassment took center stage last year with the outcry over celebrities such as movie producer Harvey Weinstein and the number of people ousted from positions of power seems only to grow amid the continuing fallout.
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The executive takes up the newly created position today, joining from Munich Re.
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The executive will change roles within the brokerage at the end of the year.
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A recommended 13.4 percent rate cut for workers’ compensation cover in Florida shouldn’t lead anyone to assume that an expected spike in carriers’ claims-related legal costs has failed to emerge.
