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The Insurance Insider US news team runs you through the key M&A deals from the past week.
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Based in London, the executive will report to Ocean Re CUO Jamie Wakeling.
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Average premiums rose 5.8% across all major lines, roughly flat from 5.7% in Q4.
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The former Everest executive will look to roll out a range of new product lines at the heavyweight MGA.
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A quick roundup of this week’s biggest stories.
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The executive had previously worked at global talent agency William Morris Endeavor.
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Rappa will take on the role effective May 20.
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She will retire as CEO of North America at the end of 2024.
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The CEO said he is “optimistic” about the future of the commercial space.
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In 2023, the InsurTech recorded 107% YoY revenue growth and 145% net revenue retention.
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The executive announced last month that he was leaving Parsyl, where he had worked since 2021.
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Citizens also secured $1.1bn of limit for its Everglades Re cat bond.
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