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Chris Lay will retire from the business in Q1 2026.
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The carrier boosted net premiums by 45% and shaved 2 points off its expense ratio.
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The improved combined ratio was driven by lower losses and expenses.
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At our London conference, executives saw various routes to growth, even as headwinds grow.
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The international segment’s net written premium contracted 5%.
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Loss activity in the upstream market remains benign, adding to softening.
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This publication reported in October that Debbie Hobbs was to exit Miller after four years.
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Sharp will remain for the 2026 renewal process, before pursuing a new opportunity in the market.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Stephenson will start his new role in early 2026.
