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Ethos’ transactional liability MGU is not included in the deal. -
This publication revealed last year that Ocampo will lead the Colombia unit.
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The estimate is like others in the market, suggesting a relatively small loss from the event.
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She replaces interim COO Kirk Maddern, who retires at the end of the year.
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The duo have several years’ experience in specialist construction risk.
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Chris Caponigro will be responsible for expanding Axa XL’s product offering and investor base.
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The hurricane has led to a “surge” in insurance claims related to floods, according to the IBC.
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The executive has resigned from AIG to fill the vacant CEO role at the large corporate unit of the German carrier.
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The ratings agency said companies focused on growing business in Gulf Coast states, however, would face a “key test” as claims materialised.
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The investment will be used to expand its product portfolio and continue global expansion.
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A sub-$3bn industry insured loss event would be similar to estimates for hurricanes Beryl and Debby.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
