-
Daniel Ineichen, former co-head of ILS, had been with the company for nearly two decades.
-
Bob Forness, CEO of MultiStrat, will take over Robinson’s responsibilities.
-
The outgoing CEO will leave the company at the end of March 2025.
-
The Florida carrier reported a 103.5% combined ratio in Q3.
-
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
-
Stokes has been with Pillar for nearly four years.
-
Only around EUR70mn-EUR140mn will fall to private insurers.
-
Most of the losses derive from France.
-
The firm will provide an update on 22 November to avoid holiday season.
-
The firm is also integrating changes to its process to allow it to cover wider ground.
-
The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
-
The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.