Zurich
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The Swiss carrier pays an implied multiple of 22.1x 2017 earnings for the P&C insurer.
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Zurich has beefed up its cybersecurity practice to help clients and mitigate claims.
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The executive is a former Zurich chief underwriting officer.
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Reutter replaces Scott Rasor, who retired from Zurich North America in June.
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The Bermuda reinsurance vehicle is set to co-invest alongside Catalina in major UK legacy deal with Zurich. -
Brandon Fick will report to Zurich North America’s CEO, Kathleen Savio, in the new role.
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The run-off book is said to hold around $500mn in reserves.
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The two parties are understood to be nearing an agreement on the sale of £1.6bn of Zurich’s legacy UK employers’ liability exposures.
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Liberty Specialty Markets is the lead insurer on the Marsh-brokered policy.
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The National Flood Insurance Program's reinsurance may trigger for a second consecutive year following the storm, the ratings agency warned.
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The storm may reach the state’s Big Island as a Cat 3 hurricane later today.
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He replaces Steve Hatch, who retired earlier this month.
