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The late March storm caused extensive damage in southern Quebec and Ontario. -
The take-private deal was announced in July 2024.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The claim hits the downstream market following a loss-hit start to the year.
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It is the second deliverable of the FIT Transition Plan Project.
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The new chair said the market must adapt for 2030 and beyond.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The changes affect operations in Switzerland, Bermuda and the US.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
