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AIG, HDI Global and others have settled. Chubb’s fight continues. -
Joanne Barry will be joining the team at Zurich.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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The reduction was due to impacts from investments and less favourable PYD.
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Plus, the latest people moves and all the top news of the week.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
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The executive criticised the ongoing underrepresentation of women in senior leadership roles.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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Primary and excess casualty in the US saw double-digit rate growth and remained above loss trends in Q1.
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The remediation process is on track for completion in the fourth quarter.
