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The carrier’s profit grew 34% for the year to A$1.35bn. -
Brokers turn to harder classes, innovation, commissions and tech to soften the blow.
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Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
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The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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The airline has exercised a break clause to renew its cover six months earlier.
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The estimate covers property and vehicle claims.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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The Hannover Re CEO said rate adequacy remains “attractive” overall.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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California wildfires were the reinsurer’s largest H1 loss, at EUR615.1mn.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
