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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn. -
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.
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The only major product line to see rate increases was casualty.
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The board of directors was unanimous in its decision.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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Marsh alleges Aon also went after its clients as well as its employees.
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The executive will define strategic priorities and guide global growth.
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