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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift. -
Increased vegetation could spell trouble in the future.
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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Philipp Rüede succeeds François de Varenne, who will become senior advisor to the CEO.
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November hailstorms and current storms and bushfires racked up claims.
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The event is the second billion-dollar SCS event to hit the country within a month.
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Defendants can service clients who signed BOR letters as of December 29.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Former Aon employees are barred from using Aon’s confidential information.
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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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BNP Paribas will take a EUR1.11bn stake in Ageas.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The broker said the A$45-per-share price discussed valued the firm appropriately.
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The peril has been historically difficult to model compared to others.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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Both the primary and reinsurance segments benefitted from a light cat year.
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Many commercial risks will have London coverage, but insured values are relatively low.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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Though wildfire losses are up, total losses are the lowest since 2015.
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The governor has yet to sign a pending bill to create a public cat model.
