Pol risk, credit & surety
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The expected results are a result of the unusually low levels of insolvency and subsequent claims frequency.
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The Cayman Islands-headquartered reinsurer held a 49% stake in the Mexican firm, according to its 2021 annual report.
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Dover and Nersessian-Hristova’s appointments mark the first expansion of Convex US since its launch earlier this year.
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Based in New York, Greer is responsible for leading the surety reinsurance efforts in the United States, Canada and Puerto Rico.
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The broker said Ukraine will fall into a deep recession this year following Russia’s invasion.
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The Ukraine loss reserve tally has reached $2.4bn as of the end of June.
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Carriers in the class are reassessing risk appetites amid inflation, the Ukraine war and a growing risk of countries defaulting on sovereign debt.
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QBE Europe’s UK surety manager Tom Johnson is leaving the company and looks set to join Chubb, Insurance Insider can reveal.
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Perry will be based in London and report to Nick Robson, global leader, credit specialties.
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The carrier has also promoted Srdjan Todorovic to lead its global political violence operation.
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The broker’s political risk report has highlighted the competing interests between countries for ownership of untapped natural resources and space exploration.
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The deal marks Xenia’s ninth acquisition in three years and kicks off its international expansion plans.
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