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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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The package comprises a $100mn cat bond and a $70mn sidecar.
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The company is expanding availability of its large enterprise offerings.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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The executive was most recently chief revenue officer at Aon.
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The 12 insurers together have $418mn in policyholder surplus.
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Data, technology and telematics could turn the struggling sector profitable.
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What past trends can tell us about the future of commercial reserving.
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The prediction comes after a highly active hurricane season in 2024.
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The tariffs could expose insurers to the risk of recession and shrinking income.