Lockton
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The ILS market’s exposure could grow to $1.5bn by the time a major cyber cat event occurs.
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Roche joins from GC Securities, where he was senior vice president.
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The Florida Building Code was introduced following the impacts of Hurricane Andrew.
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The carrier describes reinsurers’ current strategy of dealing with cyber policies as "a game of whack-a-mole"
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Chris Parish was previously portfolio management and funds team leader at Nephila Capital.
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Structures have been developed that would avoid “excessive capital trapping”.
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The broker said it would help clients to think creatively and act quickly in accessing capital.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.
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Kathy McCann is set to join from Guy Carpenter, while Zach Breslin will move over from Aon Securities.
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Lockton Re has hired James Boon from Aon to work as a senior broker in the expansive non-marine retrocession and property specialty division.
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SageLink will enable fully automated quoting capabilities for reinsurance.
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Trading Risk reported last year that the Aon executive had resigned to join Lockton.
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
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The executive will take on the role of chairman of retro, property specialty, Bermuda and market capital.
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Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.
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The deal follows an agreement the reinsurance broker reached in December to partner with auction platform Tremor Technologies.
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The intermediary cited Convex and Vantage among new entrants adding capacity to the market at the renewal.
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The additional raise takes the carrier’s committed capital to $3.2bn.
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Centeno has three decades of insurance experience and focuses on D&O, M&A and tax liability cover.
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The pact is Tremor’s first integration with a global broker.
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The executive will lead the retrocession and property specialty segments.
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Ghosh will work closely with CEO Ken Pierce to develop the two-year-old platform.
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The broker has recruited a significant team to build out in the retro space.
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Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
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The broker also confirms the appointment of James Goodwin as head of power and mining.
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The role at Lockton's Capital Markets unit is targeted at bringing together insurance and alternative asset management industries.
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The broker has worked for the firm and predecessor component Benfield for 17 years.
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The former Aon head of London market retro is expected to join the challenger broker at the end of the year.
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The broker’s capital markets business reels in the assets of Ken Pierce’s advisory firm.
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Mallon and Foxall will join a 120-person international reinsurance team later this year.
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Howard left JLT in 2019 following Marsh & McLennan’s takeover.
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Lumelleau will work on acquiring talent and M&A opportunities.
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AIR Worldwide put the direct losses from the incident at between $200mn and $600mn.
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The broker is launching the platform in New York to connect holders of long-tail insurance risk with capital market investors, sister publication The Insurance Insider has reported.
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