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James Shea will lead the new Sompo P&C arm, while Yasuhiro Oba will become Wellbeing CEO. -
More than 33,000 claims had been filed as of 5 February.
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Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
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The group reported strong underwriting results in all major overseas P&C segments.
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Syndicate 1984 will have Names capacity and be managed by Asta.
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The organisation has released its mission for 2025 and signed a MoU with the ABI.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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Genna Biddell will report to Brad Melvin, president and CEO, BMS Re US.
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CUO responsibilities will now be split out across senior underwriting leadership.
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The Australian carrier disclosed A$426mn in net cat losses during H1.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
