Treaty Reinsurance
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The reinsurance broking start-up is set to close after just eight months.
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Tom Houston will work with upstream specialist Steve Hawkins at the new carrier.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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The number of events rose to an eight-year high for the month, the broker says.
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Nick Lazarus will take the London-based segmental managing director role.
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The Bermuda group’s underwriting loss expands more than ninefold to $42.6mn.
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The Ryan-O’Halleran vehicle may have to combat difficult questions as it looks to establish itself.
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The advisory firm sees no case for a board sweep-out but criticises elements of Mark Watson's pay. -
The total return reinsurer wrote $42mn of property catastrophe premium in Q1 and expects to add another $10mn by the end of June.
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A consistent picture of the market is emerging which just doesn’t fit the classical hard/soft paradigm.
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Zurich recorded a 2 percent rate rise across its P&C book in the period.
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Departures include vice chairman Ross Howard who is retiring along with Latin American and Caribbean CEO Aidan Pope.
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