Zurich
-
The executive said the firm had to focus time and investment on the most meaningful projects.
-
The carrier pegged its California wildfire losses at $200mn pre-tax.
-
The appointment is a “major part” of Zurich’s global strategy, the company said.
-
The carrier is seen as a likely target of Lloyd’s ‘Big Game Hunting’ strategy.
-
The sale of the business was confirmed in June.
-
CEO Mario Greco said his future retirement had nothing to do with bringing the plan forward.
-
The company is on track to exceed its targets for 2023-25 one year ahead of schedule.
-
Greco will likely remain in place in the medium-term, which could mean major M&A and a Lloyd’s platform.
-
The carrier has pegged preliminary pre-tax Milton losses at less than $200mn.
-
Bradley Haimes will leave Zurich after more than a decade with the carrier.
-
The loss ends a spell of benign claims activity in the downstream segment.
-
Plus the latest people moves and all the top news of the week.
Most Recent
-
Myanmar rocked by magnitude 7.7 earthquake
28 March 2025 -
MSI to purchase 15% of WR Berkley shares
28 March 2025