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The California wildfires were the only “relevant event” for the period, the carrier said. -
The business is majority-owned by Castik Capital.
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As the next generation of Names comes to the fore, advisers urge simplification.
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Assurex Global’s partner firms place $46bn of premium across the world.
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The broker will be based in Oslo and drive expansion in the Nordic region.
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The board of directors was unanimous in its decision.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The business, which has ~EUR300mn of book value, is expected to launch a process.
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The carrier announced a major writedown in its L&H book last year.
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Insolvencies caused by the tariffs could also cause increased losses
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The combined business volume of the two firms is CHF20.1bn.
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Fridays in the office will be the toughest nut to crack.
