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Markel co-CEO Whitt to retire on January 1

Following Whitt’s retirement, co-CEO Thomas Gayner will become sole chief executive, while SVP and CFO Jeremy Noble will become president.

Jairo Ibarra, 17 November 2022
Reinsurers at Q3: Inflation, dented equity and renewal strategies

Carriers reassured analysts that unrealised investment losses will not seriously affect solvency while sounding a bullish note on renewals.

Rachel Dalton, 17 November 2022
Ardonagh adjusted Ebitda grows 17% in Q3 to £99.8mn

The broker said organic growth was driven by new producer hires reaching maturity across specialty, international and advisory.

Samuel Casey, 17 November 2022
Citizens estimates $62.5mn in gross losses from Hurricane Nicole

The CEO emphasized that the estimate is a modeled estimate and does not include litigation or inflationary pressures.

Farhin Lilywala, 16 November 2022
RMS pegs US private insured losses from Hurricane Nicole at $1.6bn

The modeller also said that losses to the National Flood Insurance Program will likely remain under $300mn.

Marcel Le Gouais, 16 November 2022
Argo claims to be ‘more attractive’ to buyers, as 80 parties approached

The carrier is urging shareholders to appoint all seven of its nominees to the board in an annual meeting next month, amid activist investor pressure.

Samuel Casey, 16 November 2022
Ocean Re strikes deal to acquire Miami-based MGA Insight Re

Following the deal, Insight Re founder and CEO Guillermo Eslava will become Ocean Re CEO in Q2 2023, succeeding Carlos Chamorro.

Jairo Ibarra, 16 November 2022
Westfield recruits Axis Re’s Looney as CFO

The executive will report to Westfield president Jack Kuhn and be based in New York.

Jairo Ibarra, 16 November 2022
Everest taps McNeilage as non-executive board member

With a four-decade-long career in global financial services, McNeilage also serves on the boards of the Reinsurance Group of America and Scholarship America.

Kyoung-son Song, 16 November 2022
BMS Re names QBE Re’s Larson as co-head of casualty broking

Before joining BMS Re, Christopher Larson spent 24 years at QBE Re, helping to expand the (re)insurer’s North American operations.

Aisling Finn, 16 November 2022

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