Axa XL
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The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda. -
Matthew Stitham replaces Donnacha Smyth, who was promoted to global CUO, casualty.
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The executive joined the company from Zurich last year.
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The carrier has been exploring launching into P&C organically or via acquisition.
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He was appointed CUO of casualty, Americas, in July last year.
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Ransomware claims have made up the majority of recent large losses.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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The executive had previously worked four years as head of trade credit for AIG.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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The result has been a sharp increase in the use of captives.
