Treaty Reinsurance
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The insurance group has also struck a retrospective reinsurance deal with Berkshire Hathaway. -
David Bonham joined Fairfax Financial in 2004.
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The activist claims Illinois and Virginia state departments ‘flip-flopped’ on proxy statement approvals after lobbying.
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The group’s international division benefited from a decline in losses from natural catastrophes but was $681mn worse off from a tax perspective.
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Citizens will be among the buyers to come late to market with its 2019 cat programme as reinsurers push hard for rate rises.
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Arch Capital backed hedge fund carrier’s outlook graded “stable”.
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The stake, held by Starr, was worth more than $20bn at its height and will be re-invested in other opportunities.
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Selby Bennett given sole responsibility for global reinsurance clients unit with Melvin receiving new Aon leadership role.
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Axa XL CEO Greg Hendrick says the fund remains a "core strategic capability".
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Increased spend partly reflects additional aggregate purchase, offset by a smaller sliver layer.
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The reinsurance broking start-up is set to close after just eight months.
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Tom Houston will work with upstream specialist Steve Hawkins at the new carrier.
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