QBE
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Andrew Guarnori joins from Swiss Re, while Ashish Ahluwalia was previously head of reserving. -
RedRiff Agency will underwrite A&H insurance and reinsurance through a Lloyd’s consortium led by Beat 4242.
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The broker said that cat losses were around $950mn in the year to October.
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Ablett is currently QBE’s global head of trade credit and surety and has headed up its global credit team since 2018.
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Agarwal joined QBE in 2019, and most recently served as group head of underwriting performance.
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Investigations have revealed more damage than first thought from the July explosion.
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The international unit experienced an average renewal premium rate increase of 9.4% during the first half.
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The carrier said it anticipated central estimate developments of around $180mn, including $40mn of crop adverse development.
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Peter Wilson brings more than 40 years’ experience in the insurance industry.
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The Mexican state-owned oil company has been the source of several large energy claims.
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The carrier has hired Melanie Mason from Liberty Mutual to replace Lisa Wolfe as property underwriting manager in Canada.
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There is stiff competition in the renewables space as carriers look to establish positions in a growth market.
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