QBE
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The “wrap” layer of the product expands to provide a potential $500mn of cover compared with $200mn previously.
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Shares jumped to a four and a half year high following the carrier’s annual results. -
The Australian carrier reports 9.8 percent renewal rate growth in the London market.
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The former Insurance Australia Group chief will take the reins from 1 March.
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(Re)insurance executives gathered in EC3 this week for the Insider London conference.
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The executive told the Insider London conference that big tech was now a bigger threat than start-ups.
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The executive has worked in finance positions at the Australian carrier for eight years.
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Bushfire losses mount, and as does the likelihood that other Lloyd's businesses will follow Neon into run-off.
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The Bermuda-based start-up run by Lefebvre, Lucking and Weston receives regulatory approval.
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Tom Fitzgerald most recently served as a CEO at Aon Risk Solutions.
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The carrier said the blunder last August caused widespread disruption to its business.
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Blazes not expected to breach occurrence retentions despite generous hours clauses.
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