Within the UK-based insurer’s risk capital segment, commercial risk solutions revenue increased 11% to $2.2bn.
The deal would increase PZU Group’s presence in CEE and enlarge its life insurance business.
The application was backed by OAK Global, which will underwrite the business through Syndicate 2843, OAK Reinsurance, under its Transition TCX class.
McCausland joins from Chubb, where he was global head of transformation.
Paradiso is headquartered in Stafford Springs, Connecticut, and provides personal and commercial insurance products including auto, home, life, business, and specialty lines.
