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The executive will be responsible for leading E&S primary and excess casualty. -
The company filed its S-1 in March, with a 2024 CoR of 93.9%.
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The broker has been building out its Bermuda reinsurance presence.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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HCI secured three towers with $3.5bn in XoL coverage.
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The program includes all perils coverage and subsequent event protection.
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Muñoz was also Aon Re chairman for the Latin American region.
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The executive was previously president of insurance programs.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
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The legislature did pass Twia reforms, however.
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The executive will remain CEO of reinsurance until September 1.
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Insurance outperformance slows as markets recover from tariff shock.
