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Vincent Hermenier joined Hannover Re in 2004. -
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The reinsurer reported EUR2.1bn GWP for the year.
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Holmes, Froideval and Cheak will head up the units for London, Europe and Asia.
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P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
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The CEO transition is already visible in messaging on growth as rate change picks up.
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Greg Branagan joined Mosaic in 2023 as AVP, tax underwriter, within TL.
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Plus the latest people moves and all the top news of the week.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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Delegates welcomed the FCA’s red-tape cut, but said more is yet to come.
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Large natural catastrophe losses totalled $570mn in Q1, driven by the LA wildfires.
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Are intermediaries facing tougher times as the broking supercycle winds down?
