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Wilson previously worked for Artex at the firm’s Guernsey office. -
A so-called atmospheric river effect is behind the severe weather.
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The figure represents a 26% increase on the previous estimate.
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The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.
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Most of the losses occurred in France, followed by the UK and Belgium.
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The final estimate is a 12% increase on an August tally of NZ$1.99bn.
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He is succeeded by interim co-CEOs Andrew Wheeler and Russ McGuire.
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The increase can be attributed to the Christmas storms of 2023.
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Investment firm Phoenix launched a private credit and lending platform for the mid-market.
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Storm Ciarán incurred insured losses of EUR1.9bn, according to WTW’s natural catastrophe report for July to December.
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The investment comes in exchange for a $49mn surplus note from HOA and the acquisition of HOA’s rights to potential claims stemming from the Vesttoo fraud.
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The motion was filed by Chaucer Insurance Company and Chaucer Syndicates, as managing agent of Lloyd’s Syndicate 1084.
