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The executive will buy reinsurance for HDI and Talanx’s corporate unit. -
The broker has a longstanding trading relationship with US retailer Alliant.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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The firm has also updated the loss-calculation engines of existing Jeannie tools.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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Last year marked the second consecutive year in which carriers made a positive return.
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