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Insured losses were the second highest on record for the first quarter. -
The executive has been with the firm for 20 years.
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Hill will replace Frank Sapio in the role.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
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The growth figure represents a 5-point deceleration on the 9% reported in Q4 2024.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies.
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The suit seeks to block insurers from passing through assessment costs.
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A quick roundup of today’s need-to-know news, including Travelers, Markel, Synex and more.
