Operations/tech
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The Corporation looks set to complete the mammoth transaction comfortably within the transition period.
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A virtual underwriting room is also expected to be up and running by 1 September. -
Far Horizons Capital is also suing JP Morgan for misrepresenting the reinsurer’s prospects when it was founded.
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Christian Nielsen has been with Hiscox since 2015 and was most recently CFO for Hiscox UK.
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Guy Carpenter has been retained to advise with the outcome likely to influence a call on future equity raising.
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The exec said speed to market matters right now, with a start-up subject to more uncertainty.
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The disposal would be the latest of several.
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Marine liability, specie, terrorism and general aviation have been identified by sources out as better-performing areas of the business.
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The activist investor and 0.4% Scor shareholder demands the chief’s dual role is split and a strategic review is undertaken.
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The historical evidence suggests that capital raising will not necessarily kill the rate rises.
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SkyKnight Capital, Dragoneer Investment Group and Aquiline Capital Partners have led the investment.
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The measures come after the death of George Floyd shone a spotlight on discrimination globally.
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