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Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding. -
The move is a retaliation to Howden’s US retail launch.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The executive joins from Coalition and brings more than 30 years of experience.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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July’s medical care increase was up from June’s o.6%.
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Appointments include leadership in transportation, energy, marine and others.
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The Insurance Insider US news team runs you through the earnings results for the day.
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