Property
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The state-backed carrier escaped lightly from hurricane losses but 500 Eta claims await payment. -
The North America property underwriter joins from Markel alongside a slew of former Hiscox colleagues.
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The Q4 figures represent an increase of 24% since July 2020.
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The executive will lead the retrocession and property specialty segments.
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The new hire has nearly a decade of experience in Asia.
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The latest appointments include former Markel property head Peta White and former EY partner Gail McGiffin.
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The former head of AmTrust Re and ex-MS Amlin property underwriter will help establish the start-up's Bermuda office.
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Based in Zurich, the former Schroders executive will become senior property underwriter for France, Benelux, Iberia and Africa.
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The Axa CEO has “very high confidence” that Scott Gunter and his team will achieve EUR1.2bn in underlying earnings by 2021.
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The German carrier pegs the full-year impact of the pandemic on its reinsurance operations at EUR3.4bn.
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The permitted growth has accelerated from a 7% increase moving from 2019 to 2020.
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The carrier will remain an active user of retrocession as it aims to deliver a 96% combined ratio or better across most of its reinsurance portfolio.
