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He succeeds Christian Hermelingmeier, who is set to become Hannover Re’s new CFO. -
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The outgoing CEO will leave the company at the end of March 2025.
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The business’s total stamp for both syndicates has hit £1bn for 2025.
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In other property, Helene and Milton will assure rates remain attractive, he added.
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D&O and D&F are also facing increased competition, but property remains price adequate.
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Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
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Kevin Stokes has been with Pillar for nearly four years.
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The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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Only around EUR70mn-EUR140mn will fall to private insurers.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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