QBE
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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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The executive will work as director of underwriting for the specialty casualty division.
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The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets.
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QBE Re said it was investing in the business with the creation of three new roles.
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The Net-Zero Insurance Alliance has been urged to overhaul its objectives as the string of high-profile carrier departures continues.
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The firm noted prior-year development on cat events that primarily occurred in late 2022.
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AM Best also affirmed the financial strength rating of A (Excellent) and the long-term ICR of the group.
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Cook will be responsible for building more effective customer and broker relationships and managing strategic partnerships with retrocessionaires.
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