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The team is led by ex-Liberty Mutual executive David Perez who was hired for the launch in October. -
The two parties seek to delay a judge’s summary judgment order.
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The executive will take the global role alongside his existing US responsibilities.
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The bond will provide named storm and quake coverage in the US.
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The underwriter has held positions at The Hanover, Liberty Mutual and Zurich.
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Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
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The executive has been with the firm since 2011.
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Additional investors include Fidelity, Apollo Funds and Gallatin Point.
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The sale process was first reported by this publication three months ago.
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As with 2024, pricing pressure has been most acute on top layers.
