TransRe has picked up Latin American and Caribbean specialist Hugo Cardona from Aspen Re, earlier this week naming the executive as its Miami-based vice president and head of marketing and business development for the region.
Former Nationwide insurance unit president Mike Miller is teaming up with two ex-colleagues – a former XL Catlin unit leader and an information systems executive – to form a new excess and surplus carrier called Ategrity Specialty Insurance Company.
Specialty property and casualty (re)insurer Sompo International named Jonathan Monks and Ben Tasse to the newly created roles of senior vice president, business development, for its US insurance platform.
Insurers collected $332bn in premiums last year, a volume that pushed the Golden State past the UK and placed it behind only the US as a whole, Japan and China, state regulators said today.
Roy Wright, who shepherded the use of reinsurance by the National Flood Insurance Program (NFIP), has resigned as its CEO to lead an industry-funded non-profit group that promotes defences against property destruction by natural disasters.
A more active Atlantic storm season this year is likely to produce seven hurricanes, three of them major, according to forecasters at Colorado State University.
