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Current head of marine hull Helen Costin is set to retire from the business. -
The results were impacted by cat events and reserve strengthening in US casualty.
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The reinsurance segment LR reflected 10 points of cat activity, up YoY from 6.7.
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The company did not book any changes in its prior period reserve development.
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Léger confirmed that his move to lead the L&H unit will not be permanent.
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Insurance COOs predict API and Gen AI most likely to deliver future transformation.
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The broker said achieving profitability “remains challenging” for insurers.
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He will focus on the London and US markets, including the placement of consortia and binders.
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The ratings agency said Sixth Street provides flexibility through long-dated capital.
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A roundup of all the news you need today, including WTW’s latest renewable energy market review.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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The P&C segment posted an 86.9% combined ratio for the quarter.
