Tokio Marine
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The deal comes as renewable energy rates continue to harden.
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Earnings decline in the international non-life business of the Japanese carrier.
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The ratings for HCC were lowered to A+ from AA- following the acquisition's close.
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The Japanese group’s shares in the reinsurer were worth about $333.9mn at Monday close.
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The executive’s departure after 11 years at the helm of TMK was first announced in September. -
The French MGA adds credit and surety, cyber, space and A&H to its remit with the deal.
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A lower catastrophe burden buoys group profit but anticipated reserved strengthening prompts it to trim its full-year forecast.
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Stuart Heath is joined by fellow Axis alumnus Linda Johnson.
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The carrier is expanding its leadership team as part of its 2020 strategic plan.
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International co-head Chris Williams said the company sees expansion opportunities in South Africa and Asia.
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Shares in the Japanese big three carriers all rise as trading resumes after a public holiday.
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The executives replace Brad Irick, who is moving to head up Tokio Marine Kiln.
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