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The industry loss number has increased threefold from an initial $5bn pick. -
In its latest report, the carrier cites the top 10 cyber incidents of 2024.
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The total includes fire and smoke damage plus living expenses for evacuees.
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CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.
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The business wrote the deal through its recently established Lloyd’s syndicate.
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The executive will replace retiree Michael Miller.
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Some 700 colleagues will join the group as the German broker joins SRG’s shareholder roster.
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He was appointed acting CEO earlier this month, after Andrade’s departure.
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Ian Donaldson and Craig Ball will rejoin Ardonagh in new roles focused on AI.
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Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
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In Partnership With VIPR SolutionsPaul Templar, Co-Founder & CEO of VIPR Solutions, explores the drivers of growth, key challenges, and future outlook for MGAs in 2025.
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Gavin Jackson assumes responsibilities previously held by David Pigot, who retired recently.
