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The carrier announced a major writedown in its L&H book last year. -
The sale price represents Elephant’s approximate net asset value.
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Marsh alleges Aon also went after its clients as well as its employees.
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The storm made landfall in Queensland, Australia at the beginning of March.
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The executive will define strategic priorities and guide global growth.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The legacy carrier reported an operating loss of $45.3mn for the year.
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The underwriter is to run a new fine art and specie operation.
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The combined business volume of the two firms is CHF20.1bn.
