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The festival will host more than 130 events across 48 countries to promote D&I. -
Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
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Moody’s also predicts losses to the NFIP at less than $300mn.
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The reinsurance segment reported cat losses of $43.2mn versus $15.2mn in Q2 2023.
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The losses were driven by events in property D&F, particularly tornadoes.
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The downstream market is also starting to soften after a “massive influx” of premium income.
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QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
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A roundup of all the news you need today, including Allianz’s lawsuit against the French government.
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The executive was formerly P&C reinsurance CEO at Scor, departing the business in March.
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The carrier said the global commercial market was “highly attractive".
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The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
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The executive has spent 35 years in the London market.
