Operations/tech
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The new recruit also served as head of group distribution and broker relationships at Hiscox.
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Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020. -
The WR Berkley subsidiary was founded in 2009 and writes upstream energy, marine and energy liability.
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Plus key takeaways from Q4 results and all the week’s top news.
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The London market is believed to have a maximum $70mn exposure written through Japanese treaties.
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Sea Traders’ Ioanna Procopiou becomes vice-chair.
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The former Ironshore COO said that the business will not be Pembroke 2.0, with the model set to be new.
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Michael Yeats will oversee the carrier’s reinsurance offices in Bogota, Buenos Aires, Miami and Sao Paulo.
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The newcomer joins as independent director.
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The EU’s lead insurance watchdog has internationally active (re)insurers in his sights.
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The executive will focus on streamlining the carrier’s operating model in the newly created position.
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The fourth-quarter charge will take group full-year pandemic losses to EUR1.2bn.
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