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In other property, Helene and Milton will assure rates remain attractive, he added. -
D&O and D&F are also facing increased competition, but property remains price adequate.
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Alistair Brighton will succeed Alistair Fraser as CEO for corporate and commercial in the UK.
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Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
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Kevin Stokes has been with Pillar for nearly four years.
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The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
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Steadfast Group is Australasia’s largest general insurance broker network and has been expanding in Europe.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The carrier’s retail division saw the largest growth at 4.7%.
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Major-loss expenditure doubled to EUR1.6bn for the quarter
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The carrier has pegged preliminary pre-tax Milton losses at less than $200mn.
