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The broker said the casualty segment is approaching an “inflexion point”. -
The QIC-owned carrier has completed extensive remediation in the past two years.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
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She will succeed Dirk Höring, who has been promoted to the HDI Global SE executive board.
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London market carriers may be getting competitive, but that is not in itself a bad thing.
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The chief of markets began sick leave in late August.
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The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
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Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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The company has grown its premium base by 12% annually over the last five years.
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