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Carlos Becerra will succeed Delgado as Miami-based LatAm fac head. -
Groeber joined CFC as EVP in 2020 before becoming US CEO in 2023.
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Last July, this publication revealed that the agency had retained Piper Sandler to run a process.
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This publication revealed in July 2023 that the utility company had chosen to try self-insurance for the first time.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
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At Zurich, Hirs served as group head of M&A and CFO for North America.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
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Utilities have faced major liabilities for their involvement in starting wildfires.
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The number of structures damaged may put the event on par with the fires of 2017 and 2018.
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The executive has been with the firm for 27 years.
