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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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Insurance share prices were resilient amid today’s market meltdown. -
The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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The executive was named group CEO in January.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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Conduit Holdings announced CEO Trevor Carvey’s retirement today.
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Analysts see Conduit’s extra reinsurance buying as a positive development.
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Executive chair Neil Eckert will step in as interim CEO.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
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The shares will be purchased via the open market or private third-party transactions.
