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The Insurance Insider US news team runs you through the earnings results for the day. -
The conglomerate now owns around 27 million Chubb shares valued at roughly $6.9bn, compared to nearly 26 million in Q1.
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Tony McIntosh and Eric Morrison both join from TruPoint Underwriters.
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In June, Insurance Insider US revealed that the ~$550mn Ebitda business is working with Evercore to bring in a new ~30% backer.
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously.
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He will work with the executive team to help outline strategy.
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The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
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Nick Nudo joins as senior managing director of reinsurance.
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It had planned to non-renew 47,000 DP-3 and 53,000 high-risk homeowners’ policies this year.
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Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
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The carrier has made several recent high-level promotions.
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The executive will report to London-based BMS director Alex Shephard.
