Operations/tech
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The insurer said that stripping out the effects of Covid-19 from counterfactuals would over-indemnify policyholders.
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The executive, alongside Oak Hill and Abry, have decided to delay the launch of the start-up until later in 2021. -
Additional fundraise takes total committed capital to $2.7bn.
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The company is rebranding as Skyward Specialty Insurance as the revamp under the new chief executive moves ahead.
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Warren Buffett’s company trims its stake in Apple and exits Costco.
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The appointment augments a team of ex-AIG underwriters and follows the carrier’s expansion into the segment earlier this year.
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The chairman says the marketplace could end up looking more like a coffee shop again.
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The management restructure follows Masterton’s promotion to divisional chief.
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The executive, who has worked at Travelers since 2015, has left as part of the carrier’s restructuring.
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The expansion rate tallies with early guidance, but is lower than the 12%-13% flagged in October.
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The new paired entity will allow the company to grow its reinsurance business, starting with a deal covering $10bn of annuities.
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Julia Henderson and Kathleen Faries are among the key hires to the new vehicle
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