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The executive will replace retiree Michael Miller. -
Some 700 colleagues will join the group as the German broker joins SRG’s shareholder roster.
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Loss assessment is at an early stage, but senior sources suggested the claim could surpass $1bn.
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The fire started Wednesday morning and is currently 0% contained.
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Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
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The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
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Gavin Jackson assumes responsibilities previously held by David Pigot, who retired recently.
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The court will consider appeals against initial judgments that found in policyholders’ favour.
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Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes.
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The insurer has renewed separate three and five-year arrangements.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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The broker said disaster data can attract more risk capital.
