Brokers
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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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The broker’s 1st View report predicted that cat bond issuance should remain elevated until at least Q2 2024.
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Top-layer cat risk is attracting additional capacity but reinsurers remain firm on attachment points, the broker said.
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Bohm joins from Swiss Re Capital Markets, where he was head of structuring for the Americas.
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Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.
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The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.
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Nichols joins from Aeolus Capital Management, where he’d served as a portfolio manager after previously spending nearly a decade at Guy Carpenter.
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The broker said it believes it has meritorious defenses and intends to vigorously fight the claims and seek recourse against third parties where appropriate.
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The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question.
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Skilton will be chair of the team with Wheeler and Murray heading up the global re specialty unit.
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The specialty leader had worked at recent acquisition Willis Re since 1998.
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Former retro broker Erik Manning is leading the initiative having joined BMS Re in January.
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Minesh Jani will report to Bradley Maltese, CEO of international and global specialties.
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Bay Risk will become part of Gallagher Re’s Global Programmes practice group, led by Andrew Moss.
Most Recent
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Allstate pegs March pre-tax cat losses at $328mn
18 April 2024 -
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18 April 2024 -
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17 April 2024