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The insurers also claimed that Stonegate’s desired treatment of furlough payments would lead to it being ‘over-indemnified’. -
Fabien Conderanne most recently held the role of head of financial solutions for Asia Pacific.
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Current CEO Bradley will receive 78,760 shares of restricted stock over a 12-month period, as well as 135,000 stock appreciation rights with an exercise price of $43.80.
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The new recruit has worked for Argo, Allianz and the European Space Agency.
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Matthew Solley’s departure brings an end to his 21-year spell at the company.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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Fusion Specialty UK will provide access to the company’s M&A insurance online (Mio) product.
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The Australian group could hive off its banking unit to concentrate efforts on its larger insurance segment.
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The new entity will have a total group equity value of more than 33bn South African rand.
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The report also found that only 4% of European insurers have people with sustainability experience on their boards.
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Clear Group management Mike Edgeley and Howard Lickens will remain with the company.
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The legacy carrier will use the proceeds to refinance existing debt.
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