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Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe. -
The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.
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The business is being marketed off around £15mn Ebitda, sources said.
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The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
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Antares recently announced a restructure of its international entities including the launch of a UK company platform.
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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
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Nicola Gaisford joined RiverStone from R&Q last year.
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It is understood the increase is mainly due to a new professional lines team.
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A roundup of all the news you need today, including Perils’ increased estimate for insured losses from Storm Ciaran.
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Steve Jolley has held several CIO roles, including at Ardonagh Specialty, Price Forbes and JLT Group.
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The acquisition will expand Allianz Direct further into the B2B2C segment.
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Most of the losses derive from France.
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