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The executive said secular heightened risk trends would fuel the carrier’s primary expansion. -
The carrier booked EUR800mn in LA losses in the P&C segment.
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The reinsurer's group operating income fell by 14% to EUR480.5mn.
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The Willis-brokered coverage also includes the Willis CyXS facility.
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The group said corporations face geopolitical and climate risk.
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New capacity continues to enter the hull market, and rates are falling.
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The broker has also held positions at JLT, Towergate and THB.
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More players are looking to the class in a bid for top-line growth.
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Tropical Cyclone Alfred and Queensland flooding brought thousands of claims.
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He was appointed executive chairman for international in 2021.
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New broker vehicles are setting up amid accelerated softening in D&F.
