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Sources said the firm retained Ardea to run the process. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.
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The program will offer liability coverage up to $5mn per occurrence.
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The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
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Everest’s US wholesale business is seeking to expand its market presence.
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However, the firm will take a “conservative approach” until the improvements are shown in data.
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The MGA will focus on insurance for agents, carrier partners and clients.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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CEO Marchioni said the overall hit would likely be “in the low single digits”.
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In an interview, Blue spoke about integration, organic growth, M&A and current market uncertainty.
