PartnerRe
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Markel executive Alan Rodrigues will lead the unit.
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Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
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The reinsurer experienced a “notable decrease” of catastrophe losses last year.
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Jon Colello will become president in the management shake-up.
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She succeeds Jonathan Schriber who joined Arch Reinsurance as US division president earlier this month.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s news team runs you through the key highlights of the week.
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Reinsurers have mostly grown since before the Covid crisis, but the type and timing of growth affects value creation,
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Jarrier has been with the carrier for over two decades, most recently as head of worldwide pricing and analytics.
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The non-life underwriting profit for the quarter came to $368mn compared with $313mn in the prior-year period.
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Overall, the carrier posted $408mn of cat and man-made losses in Q3, up from $333mn a year earlier, of which $297mn related to Hurricane Ida and the European floods.