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Rob Lusardi and Michael Dawson are to step down after eight years as directors. -
The A&H market had improved performance between 2020 and 2023.
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The business is being marketed off around £15mn Ebitda, sources said.
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The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
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The acquisition will expand Allianz Direct further into the B2B2C segment.
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Most of the losses derive from France.
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The firm will provide an update on 22 November to avoid holiday season.
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The figures imply first-layer reinsurance recoveries for Helene.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
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Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
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Elaine Casaprima will serve as CEO of the combined entity.
