AJ Gallagher
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Global reinsurers also reported a slight deterioration of their combined ratios in 2022, with the average for the year being 95.7% compared with 94.7% in 2021. -
The specialty leader had worked at recent acquisition Willis Re since 1998.
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The executive will be charged with unifying carrier engagement and bringing together Gallagher’s offerings.
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Bay Risk will become part of Gallagher Re’s Global Programmes practice group, led by Andrew Moss.
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The appointments aim to provide clients with a product-agnostic view on accessing capital in a capacity-constrained market.
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The intermediary tallied $360bn in economic losses worldwide.
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She had served as director of underwriting at Nephila since mid-2018.
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Beazley’s $45mn first-time cyber cat bond offered all-perils coverage, though some expected early deals to start with limited scope.
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The executive said many reinsurers have secured the pricing and terms necessary to cover their cost of capital.
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The broker said the renewal had been “gruelling” for cedants.
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Most ILS firms are marking the Ian loss as a $50bn+ event, although there are exceptions.
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Jason Bolding adds to the growing team recently joined by Alexandre Delacroix and Keshav Gupta.
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