Brokers
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The practice aligns existing capabilities from Marsh Specialty and others.
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The former Ledger director was joined by fellow ex-Ledger employees to “hit the ground running”.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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The RfP covers the CEA and/or the California Wildfire Fund.
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Driscoll and Lubert have been promoted to presidents.
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The challenger broker is continuing to build out its presence on the island.
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The hire has 20 years’ experience in asset management and corporate finance.
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The client lacked options in the conventional insurance market.
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He is succeeded by interim co-CEOs Andrew Wheeler and Russ McGuire.
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2023 was the fourth consecutive year insured cat losses surpassed $100bn.
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Wind and tornado in the US may already have led to losses in the hundreds of millions, according to Aon’s report.
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While it is too early to determine the total financial loss, the US Geological Survey believes there is a 64% likelihood it will reach into the billions of US dollars.
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