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These favorable results are driven by solid underwriting performance in both the reinsurance and insurance segments, with manageable catastrophe losses and favorable loss reserve development at Transatlantic and RSUI.
Although the appraiser recommended that RSUI tender $4.735 million to
The event was highlighted by a leadership panel that featured Bruce Kessler, division president of Ace Westchester; Am WINS President James Drinkwater; Stanley Galanski, CEO of Navigators Group; and RSUI CEO Dave Leonard.
* Insurance carders involved include Lloyd's, RSUI Indemnity Co.
Markets Used: Ace, Admiral, Arch, Colony, Chubb, IBIND, Markel (Shand), James River, Lloyds, Liberty, Navigators, Philadelphia, RSUI, Tudor, USLI and others
Insurer(s): Shand, RSUI, Great American Custom, ACE Westchester, AIG, Chubb Executive Risk, CNA.
Makowski, Dave Leonard, RSUI Group, Inc., Atlanta, GA, and Robert T.
Analysts expected more disposals in the near future, with its US insurance unit RSUI widely tipped as the next unit to be sold.
Its American business RSUI is first to be sold and plans include the flotation of most of R&SA's Asia Pacific operations as part of its new strategy of concentrating on general insurance.
Based in West Chester, Pa., Venture has underwriting alliances with global carrier groups, including Allianz SE, Chubb, RSUI, USLI, Zurich North America, State National, Monitor and Lloyd's of London.
The chairman and CEO of Atlanta-based RSUI Group, Leonard began his career in the P&C insurance industry in 1979.
Insurer(s): Ace, Admiral, AIU, Arch, Axis, Colony, Endurance, First Mercury, Gemini, Ironshore, Markel, Maxum, Nautilus, Northland, RSUI, Scottsdale.
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