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The MGA can now put down $200mn lines in the niche aviation war class. -
Moody’s also expects losses in the billions of dollars.
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The flagship project to digitise the market has been beset by delays and mounting costs.
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Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
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The CEO’s accelerated exit could cost momentum, and shortens Tiernan’s odds of succeeding.
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Six fires now cover more than 27,000 acres across Southern California.
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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He succeeds Wayne Peacock, who retires this year after four years of service.
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Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
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Alex Haines also previously held roles at WTW and Mapfre.
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The fast-moving blazes have prompted evacuations across the city.
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In 2019, Shali Vasudeva left her COO role at Hiscox to join Axa UK & Ireland as COO.
