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The group reported a 19.1% return on opening adjusted tangible book. -
Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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The executive will oversee Howden Re’s treaty and fac business in Miami as well as the firm’s specialty insurance unit.
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The pair add to the roster of aviation-focussed hires at WTW.
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The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
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The broker said the burgeoning class of business was still finding its stride.
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The carrier is offering shares priced at $29-$31.
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Growing economic and population exposures are driving potentially larger insured losses.
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The hires form part of WTW’s build-out of its US aviation practice.
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The executive will provide strategic leadership to underwriting and portfolio management teams.
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CEO Adrian Cox said the market could turn on “unexpected events”.
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The retailer’s partners are looking to join forces to secure better deals.
