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The chief executive will also receive a yearly bonus of 200% of base salary. -
A quick roundup of today’s need-to-know news, including Milton losses, QBE and Progressive.
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The political violence market has seen a flurry of new entrants in recent months.
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Twia filed for the rate hike in August after an actuarial analysis showed that rates were inadequate.
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The company incurred $563mn of total cat losses related to the storm.
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He will oversee the launch of Tokio Marine’s new excess casualty line.
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The executive joins Applied from Canopius.
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Ben Purkiss has joined the company from Coverys as head of business development.
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The bulls expect around $20bn-$30bn in Milton losses, with the bears anticipating $40bn-$50bn.
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The carrier has appointed AIG’s Sharon Primerano as vice president and US inland marine manager.
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The estimate includes private cover for residential, commercial and industrial property.
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A quick roundup of today’s need-to-know news, including Arch Capital, Moody’s RMS and Acrisure Re.
