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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies. -
Swiss Re and Talanx led the gains among listed European carriers.
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Despite a softening market, carriers still have belief in their profitability, sources said.
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Modified freehold gives syndicates and investors clarity around exit plans.
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Large losses and attrition put pressure on aviation underwriters.
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Plus, the latest people moves and all the top news of the week.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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The facility now includes CyXS Plus and CyXS Company.
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Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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The coverholder’s deal with SiriusPoint expired at 1.4.
