Munich Re
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach. -
Several insurers and MGAs have launched into the class of business over the past year.
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The executive has managed both casualty and personal lines reinsurance books.
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Reinsurance made up 12% of the syndicate’s 2024 GWP.
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Plus, the latest people moves and all the top news of the week.
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Ahead of the deal, Ergo owned a 29% stake in Next, which generated top line of $548mn last year.
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Some of the Big Four are slowing growth as the market softens.
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Navigating its path to global specialty growth will require operational dexterity.
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Plus, the latest people moves and all the top news of the week.
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The carrier will look to grow business outside North America.
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The carrier expects the market loss to land at $35bn-$40bn.
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The carrier pegged its claims expenditure for the LA wildfires at EUR1.2bn.
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