The global modeled insured average annual loss from catastrophes has reached nearly $100bn in 2020.
The new hire says re/insurance premium increases may be longer lasting this year.
The new role is created to advance RPS’ growth in exclusive coverages, market relationships and service capabilities.
The company has also unveiled a tender offer to purchase up to $100 million of its preference share.
The broker seeks to execute new growth initiatives across both brands by investing in tech and talent.
Aon meteorologist Steve Bowen says 'it could have been even more difficult'.
The San Diego-based broker offers a range of commercial coverages as well as high-net-worth personal lines.
The CEO of Insurance Bureau of Canada has been elected as president replacing Recaredo Arias.
The ratings agency believes Navigators' importance to its ultimate parent has diminished.
The new entity will write a range of US property, casualty and specialty reinsurance business.