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Last week, the insurer placed ~450 staff at risk of redundancy in its international business. -
The company is currently “underweight” in that line of business, he added.
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The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.
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Expansion of the middle-market book is an ongoing focus.
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Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
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Anthony Mirabal will work closely with Juan Carlos Gomez, who will become president for the region.
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The choice to build a reinsurance unit at arm’s length alleviates some financial strain.
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The reinsurer constructed a “social inflation index” for a new study.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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The expanded team aims to increase capability across global specialty lines and property specialty retrocession.
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The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
