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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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Insured losses were the second highest on record for the first quarter.
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Hill will replace Frank Sapio in the role.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies.
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The suit seeks to block insurers from passing through assessment costs.
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He will replace Scott Lee, who is retiring after 40 years in claims.
