Canada
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The late March storm caused extensive damage in southern Quebec and Ontario. -
Sources said BMO was retained earlier this year to advise on the strategic process.
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The executive previously spent 15 years in a variety of roles at Zurich.
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Up to nine million acres of US land are considered likely to burn.
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The deal leaves premier surety as Travelers' sole Canadian portfolio.
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But there’s little concern about those pressures creeping into SME accounts.
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The executive was most recently at Oliver Wyman after joining from AIG last year.
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The estimate covers property and vehicle claims.
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The supply chain in personal auto, and the impact on inflation are areas of concern.
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The storm is likely to be one of the costliest weather events in Canadian history.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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The executive will replace retiree Michael Miller.
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