QBE
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Loss assessment is ongoing but the event looks likely to be a total loss.
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The Mexican state oil company delivered the upstream market its largest claim in 2023.
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Reinsurance sources say the pool targets the wrong aspects of Australian cat losses.
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Ambac Financial Corporation recently acquired a majority stake in Beat.
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The company will now focus on its better-positioned businesses.
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The carrier said nat-cat claims were running in line with plan assumptions.
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Nicola Schroder was head of environment and transition.
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The carrier is hiring after Simon Parkinson left to join start-up RedRiff.
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Catalina Romero and Iain Bird have been added to the trade credit team.
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Combined ratios have improved as prices rise and investments return to profit.
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The underwriter will report to Kristina Maffit.
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Coppola was also a member of the NA exec management board.
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