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Trevor Gallagher has been appointed COO of the unit.
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SCS insured losses accounted for 48% of all global losses last year.
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The proportion of freehold capacity for 2026 is up by 35% to £218mn.
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A roundup of all the news you need, including AM Best’s revised outlook for reinsurers.
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The agency cited falling property rates and US casualty challenges.
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Zurich’s interest in a specialty carrier that moves the dial on cyber is no surprise.
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The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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Renfe has mandatory accident insurance with Everest and liability cover with QBE.
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The bank observed that multiples in the last M&A cycle ranged from 1.6x to 2.5x.
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The company said prior bids from Zurich “significantly undervalued” the business.
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The deal would create a $15bn specialty insurer and mark Zurich's entry into Lloyd’s
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A roundup of all the news you need, including Zurich’s bid for Beazley.
