North America
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The executive had been in the role since 2017 and previously managed the insurer’s global upstream energy book. -
The PE house and the London market wholesaler will submit bids in just over a week.
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The reinsurance start-up could list on the London Stock Exchange in November.
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Liability account move is latest development in ongoing reinsurance buying overhaul.
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The executive moves over in what is likely to be interpreted as preparation for an orderly CEO succession.
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Chris Schaper is to step in as CEO of the unit, as Jeff Clements and Chris Silvester depart.
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The MGA, which writes on paper from Accident Fund Insurance Company of America, uses AI in its underwriting process.
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The appointment follows McElroy’s elevation to global CEO of general insurance at the carrier.
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The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
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Just under 20 tons of cocaine was seized from the MSC Gayane by US authorities last July.
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Arrivals include energy product leader Carlos Vinicius Simonini and placement head Marcelo Daniel.
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Sources say the carrier’s group head of cyber Paul Miskovich has left his post.
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