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Convex news from Insurance Insider
Of the 178 passengers and crew on board, no serious injuries have been reported.
Paul Simons joined the company last year from Axa XL as deputy CEO of Convex Re.
Dover and Nersessian-Hristova’s appointments mark the first expansion of Convex US since its launch earlier this year.
Richard Quinn becomes the latest to depart from a property cat-related role at Axis Capital.
The unit led by Dan Kumpf will offer miscellaneous professional liability cover.
The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
The ratings agency has also affirmed the A- FSR of Convex’s UK and Bermudian entities.
The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
Sources suggest the raise could take the (re)insurer's equity base up to the $3bn it initially targeted.
Competitor news
Competitor news
Competitor news
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Executives see earnings benefits from workers’ comp beginning to diminish. -
Delegated underwriters are seeing an opportunity to write in the PVT market as an add-on to property coverage.
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The firm projects losses from the fires at between $160mn-$190mn.
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