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The executive will end her career at Aon Bermuda effective October 1. -
Independent litigation threatened a $4bn settlement with wildfire victims.
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A quick roundup of today’s need-to-know news, including Fidelis IP writing and Hawaii wildfire litigation.
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The carrier also reported more difficulty than anticipated in realizing the value of collateral following the defaults.
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Lawsuit claims GM unlawfully sold data to insurers collected from 1.5m drivers.
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
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The executive joined Chubb in 2013 as assistant VP and regional manager.
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The industry posted another strong quarter, but casualty reserves remain problematic.
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Ernesto is expected to track past Bermuda on Saturday with hurricane conditions.
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Sources said that Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
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Moody’s also predicts losses to the NFIP at less than $300mn.
