Interviews
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Pina Albo spoke to Inside P&C on the heels of her appointment to the organization’s chairmanship for a two-year term since January. -
The MGA is also looking at securing a captive wholesale broker, and a niche play within reinsurance broking.
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Last week, SiriusPoint and Compre signed an LPT deal covering $1.3bn of reserves.
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The insurer will continue growing via M&A and is looking for $50mn-$500mn specialty businesses with strong leadership to expand its portfolio.
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The executive didn’t provide a target for the number of investments it expects to keep, but said SiriusPoint will not be an active acquirer in the near term.
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The company plans to provide both primary and excess layers coverage across the region, depending on the opportunities in each territory.
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In an interview with this publication, the CEO admitted the transition “took longer than any one of us would have wanted”.
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Skyward shares shot up over 27% this morning to $19.15 per share, a development which will likely be closely watched by some carriers with IPO aspirations.
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The insurer secured 22 investors with its first public cat bond offering, having previously done a private deal.
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Group CFO and incoming president of insurance Jeremy Noble has told Inside P&C that the insurance operation is where Markel sees the most upside potential.
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The move aligns WTW resources with specialist industries to operate as standalone businesses within North America.
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The executive also said that the firm seeks to grow in Canada and in the middle market space, where it has already increased the number of underwriters by 30%.
