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The violations included not using properly appointed adjusters and failing to pay claims. -
Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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Analysis of market conditions, reserves show that this might not lead to an overnight consolidation boom.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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The likes of Genstar, Leonard Green and Bain also looked at the program manager.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
