Zurich
-
Kirsh was involved in launching an industrywide “legal system abuse coalition”, which now has 350 participants. -
US national accounts head Paul Lavelle will retire as of June 1.
-
He was most recently middle market casualty leader and EVP at Chubb.
-
The take-up rate will depend on the price discount and market segment.
-
The facility is a nudge towards a structural change, not a full-out assault.
-
Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
-
The facility provides up to $100mn in claims-made excess casualty coverage.
-
The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
-
The insurer claims Jessica Balsam still holds Zurich confidential information.
-
The division is seeking to place underwriters in regions across the US.
-
Also, John Diaz will lead a customer and distribution management function.
-
The sale of the business was confirmed in June.
Related
-
Zurich NA H1 CoR roughly flat at 91.7% despite higher cat losses
August 08, 2024 -
AIG confirms $600mn sale of travel business to Zurich
June 26, 2024 -
Zurich NA brings on Bracken as CFO
June 25, 2024