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Nick Lazarus will take the London-based segmental managing director role.
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The total return reinsurer wrote $42mn of property catastrophe premium in Q1 and expects to add another $10mn by the end of June.
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The third-largest P&C underwriter in the US reported 20.4 percent top-line growth and a 7.6 percent renewal rate increase in specialty lines.
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Montminy resigned on Tuesday, The Insurance Insider has learned.
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The carrier was the only Floridian to report loss creep from Hurricane Irma in the quarter. -
Everest Re executives were relatively optimistic about P&C (re)insurance pricing.
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The bill was passed in a 37-1 vote and awaits the governor’s signature.
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The hires will bring FM Global’s total boiler and machinery staff to more than 250.
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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 asset class appeals to writers of short-tail business, according to GSAM.
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A large hailstorm in Florida was the main contributor to the catastrophe claims.
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The new catastrophe bond went into effect on 17 April, 2019 and will last for three years.
