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The executive will lead the retrocession and property specialty segments.
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If the fundraise closes, the business will operate as a “permanent capital” monoline retrocessionaire. -
The former Pioneer underwriting chief will lead the programs team within Brit Global Specialty USA from Georgia.
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The Axa CEO has “very high confidence” that Scott Gunter and his team will achieve EUR1.2bn in underlying earnings by 2021.
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The legacy carrier also appoints Tony Cunningham and Fiona Walden following the departures of Aditya Dutt and Jacques Bonneau from the board.
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The deal on the heels of the purchase of Miller establishes Cinven as a significant non-life insurance-sector investor.
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Scor sought higher-priced agg cover, but Munich Re achieved below-average uplift on its occurrence treaty.
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The landmark transaction with Sentry requires court clearance after gaining the state insurance commissioner’s nod.
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Sources said that the carrier’s equity raise was the more efficient path to securing growth capital.
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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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The storm struck a state park area around 135 miles north of Tampa.
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The investor wants the Finnish insurer to build on this week’s sell-down of Nordea Bank shares with further divestments.
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