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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter. -
The company also hired Beazley’s Tracy Holm as general counsel.
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The executive will begin serving as Hiscox USA’s CUO as of May 5.
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The LA fires and spring storms drove CinFin's CoR up 19.7 points to 113.3%.
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The pair add to the roster of aviation-focused hires at WTW.
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The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
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The LA wildfires, however, will be the firm’s largest event to date.
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The executive was most recently at Oliver Wyman after joining from AIG last year.
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The firm acquired total assets of $65mn and assumed liabilities of $11mn.
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Q1 rates in most lines were consistent with prior quarters but slightly down on 2024.
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The initial offering will include 6,875,000 shares of common stock.
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The broker said the burgeoning class of business was still finding its stride.
