Axis Capital
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Axis reported a Q3 operating loss, while Argo anticipates a $42mn reserve charge in the period.
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The Bermuda carrier will also curb investments in fossil fuel-exposed companies. -
David Hayward, who currently holds the position, will retire from the firm in March 2020.
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The new recruit joins after a 19-year international career with Axa XL.
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The results showed a mixed bag for (re)insurer use of third-party capital.
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The company said “pricing momentum continues to build across substantially all business lines”.
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Robert Hands' arrival reflects the expansion of the reinsurer's strategic partners unit.
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Patel, formerly of Axis, has joined CNA to lead its financial institutions east territory book.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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Almost a third of investors voted against Benchimol’s compensation, which rose 10% in 2018.
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The Bermudian increased its industry insured loss estimate at the end of Q1 from $8bn at the end of last year.
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The Bermudian (re)insurer misses analyst expectations in Q1 2019.
