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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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The executive said that the fragmentation of the European market has proved a barrier to entry in the past.
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Fitch said 1Q wildfire losses could add 6% to 10% to Mercury’s CoR.
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In Partnership With Allianz CommericalWhat is fueling the intense mergers and acquisitions activity in the MGA space, and how is it shaping the competitive landscape?
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The reinsurer has made improvements to its life and health segment, it said.
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The industry loss number has increased threefold from an initial $5bn pick.
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In its latest report, the carrier cites the top 10 cyber incidents of 2024.
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The total includes fire and smoke damage plus living expenses for evacuees.
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The business wrote the deal through its recently established Lloyd’s syndicate.
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The executive will replace retiree Michael Miller.
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Some 700 colleagues will join the group as the German broker joins SRG’s shareholder roster.
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The fire started Wednesday morning and is currently 0% contained.