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The appointment of Scott Gunter as Axa XL CEO has surprised the market.
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Large losses push the group fourth-quarter result below expectations. -
The main operating subsidiary of Maiden Holdings will “redomesticate” from Bermuda by mid-March.
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Stephen Postlewhite will succeed the executive as managing director.
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The deal boosts Fema’s total reinsurance cover to $2.53bn.
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Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
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The carrier says its Cyber Ctrl PD+ policy marks a response to cyber risk retrenchment in the property market.
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Analyst Philip Kett says he’s “more constructive” on the Corporate Solutions outlook.
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The appointment is still awaiting regulatory approval.
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The CUO says 10-20 percent rate expansion would be insufficient.
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The Florida carrier makes no reserve strengthening in the final quarter after responding to Irma loss creep in the July to September period.
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The carrier assures market of its “confident” reserving position and signals a return to CorSo underwriting profitability in 2021.
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