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The storm made landfall in Queensland, Australia at the beginning of March. -
The executive will define strategic priorities and guide global growth.
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In Partnership With Swiss Re Corporate SolutionsParametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The legacy carrier reported an operating loss of $45.3mn for the year.
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The underwriter is to run a new fine art and specie operation.
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The combined business volume of the two firms is CHF20.1bn.
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The CUO’s turnover closely follows that of the CEO.
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
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Fridays in the office will be the toughest nut to crack.
