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The company also purchased $15mn of SCS parametric coverage. -
The professional lines market remains ‘challenging’ overall, however.
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The specialty reinsurer also saw several bad investments hit the books.
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The carrier’s US redomicile is expected for later this year and brings a one-time $10mn-$13mn benefit.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The group has hit multiple industries since March, including a raft of insurance companies.
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The risk of cyber incidents that cause physical damage is also rising.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has also expanded its relationships with US and UK MGAs.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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