News relating to the Bermuda and international insurance and reinsurance industry.
Appointee held senior roles at Chubb.
CTO joins Broker Buddha’s board as part of their partnership.
It has not set a timetable for completion of this process.
But net income falls on Ukraine and natural catastrophes.
The speciality re/insurer saw GWP rise 35% in Q1.
They are a new CUO and chairman for a ‘market leader’.
That fall reflects a 45% reduction in catastrophe lines premium.
But Q1 net income fell by nearly 13% year on year.
But gains were curtailed by a net loss of $50m.
P&C underwriting income more than doubled.