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He will have to step down from his non-executive role on the board to take the job. -
The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
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Plus, the latest people moves and all the top news of the week.
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Retention levels for reinsurance fell across the different geographies the carrier operates in.
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The executive said the company’s expanding capacity base would make it “more like a marketplace”.
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In Partnership With Allianz CommericalHow does a young insurance company surpass growth expectations and successfully reposition itself in the market as a fully independent player?
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The ratings agency has revised Mercury’s outlook from stable to negative.
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The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.
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The MGA’s US clients will now have access to London market capacity.
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The traditional R&W product is seeing an increasing number of large losses.
