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R&Q expects ongoing operating losses after the sale as transitions its legacy business to a fee-based model. -
Halfway through a complex restructuring is not the time for a CEO (and CFO) change.
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Podmore joins from Swiss Re, where he held the role of lead cyber underwriter.
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R&Q CEO William Spiegel will transfer to the Accredited program management business.
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The onshore energy broker has more than 15 years’ experience in the sector.
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Plus, all the latest company results, executive moves and top news from the week.
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Executives said geopolitical uncertainty, economic stagnation, cyber, cat events and inflation will drive demand on the Continent.
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Sources said a move towards facilities was the latest evidence of market softening in the D&O class.
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The carrier continued to experience a significant level of catastrophe losses this year, which resulted in lower year-to-date earnings than expected, according to CFO Frey.
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Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.
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Sources are paying close attention to several pipelines in the region, as the conflict between Israel and Hamas continues.
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The reinsurer said hardening of property reinsurance conditions must continue.
