North America
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The reinsurer has also appointed Mehdi Benleulmi as global head of credit.
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Tovah Grosscurth replaces Sonya Bryson, who has left the commercial lines business.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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The number has expanded by around 40% from an earlier update, sources said.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit.
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HCI secured three towers with $3.5bn in XoL coverage.
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The executive will remain CEO of reinsurance until 1 September.
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This year is predicted to be an above-average season, like 2024.
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