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Probitas is set to grow by around 40% this year. -
The carrier has been reducing its presence in the state since 2007.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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Conclusions on possible options will be shared at the end of Q1.
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The restructuring arrangement is designed to protect creditors.
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The broker CEO explained talent is what drives organic growth.
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Andy Taylor spent more than 25 years with the company.
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The agency cited the group’s increased earnings diversification and improved resilience.
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The company has simplified its structure following the retirement of Richard Webb.
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Derrick Easton has led Willis’s US ART team since joining the company in 2015.
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The facility is backed by a $10mn Lloyd’s binder.
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