People
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The pair join from Validus Re and Axa XL.
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Vincent Pomo spent more than 11 years at Everest Re in a variety of roles.
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The fund is a continuation vehicle for five of HSCM's life insurance interests.
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The firm said it was poised to build on ‘significant growth’ in 2023.
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Charles Craigs will oversee Ascot’s sidecar and other third-party capital vehicles.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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The executive brings over 30 years of (re)insurance experience to the role.
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He will oversee the syndicate’s catastrophe modelling capabilities.
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The firm is focusing on developing specialty offerings.
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Risk partnerships will now report direct to the board through the CFO.
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Driscoll and Lubert have been promoted to presidents.
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The underwriter will report to Kristina Maffit.
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Roche joins from GC Securities, where he was senior vice president.
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The challenger broker is continuing to build out its presence on the island.
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He was executive managing director in Aon’s wholesale treaty team.
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The broker has also appointed Charlie Liddle and Rowan Minhas to the team.
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The executive previously served at McGill and Partners and Willis Re.
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The ILS allocator has invested in the asset class over 17 years.
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The hire has 20 years’ experience in asset management and corporate finance.
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Wilson previously worked for Artex at the firm’s Guernsey office.
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He is succeeded by interim co-CEOs Andrew Wheeler and Russ McGuire.
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Investment firm Phoenix launched a private credit and lending platform for the mid-market.
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He joins from Aeolus Capital, where he spent more than four years as a client portfolio manager.
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Adrian Jones will report to Acrisure’s president of global insurance Grahame Milwater, a spokesperson for the broker confirmed Tuesday.
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The executive joins the company as it looks to bolster its reinsurance capabilities.
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Leadenhall Capital Partners (LCP) has named Yuko Hoshino as senior managing director for Japan and Asia within its business development team.
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Jon Colello will become president in the management shake-up.
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Steiger will oversee the new article 8 classified fund, based out of Zurich.
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Schwartz will set the firm’s investment process on its ILS, equity and debt strategies.
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Bailey joins after two years at Roosevelt Road, where he was director of capital markets.
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Craig Hupper spent more than 25 years at TransRe, performing a variety of roles.
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George Mawdsley joins after more than 10 years at Securis, where he was tasked with structuring and origination of ILS risk.
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Slade was previously president at Markel’s ILS fund manager Lodgepine Capital.
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The executives will look to bring the company’s full suite of products to clients.
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Rob Newbold joined Verisk in 2002 and has held several roles, serving most recently as COO of extreme event solutions.
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Coburn will report to Jason Busti, Axis Re president of North America.
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Habay oversaw the wind-down of AQR Capital’s reinsurance business in 2015.
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According to a LinkedIn post, the current head of corporate development, investments and treasury will return to BlackRock.
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Scor is aiming to double fee income over the next three years.
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Martin Ford joins the broker following a 26-year-stint at Gallagher Re, formerly Willis Re.
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Steiger is said to be moving to an “entrepreneurial” role after more than six years with the Zurich-based firm.
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Key names taking up senior roles at Validus include Sven Wehmeyer and Pablo Nunez.
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The senior retro/specialty broker spent 26 years at Willis Re, which was acquired by Gallagher in 2021.
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Alexander will join after his competitive restrictions are up.
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De Klerk spent a decade at Artex Risk Solutions, where he created special purpose insurers and closed cat bonds.
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Tim Mardon will become CUO at Aspen Bermuda Limited and a member of Aspen Re’s leadership team.
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Steve Postlewhite left QBE Re, where he served as managing director and CUO, last year..
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The ILS executive is departing the ILS platform following RenRe’s move to buy Validus Re for ~$3bn.
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Stephan Ruoff will continue his duties as global head of ILS.
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The manager has made four appointments including two internal promotions.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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Caccamese spent nearly six years at rival broker Guy Carpenter prior to joining Aon.
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Bohm joins from Swiss Re Capital Markets, where he was head of structuring for the Americas.
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Robert Salzmann has held a variety of roles at SI Re, most recently overseeing the carrier’s ILS markets and retrocession team.
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Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.
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Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.
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He joins from Global Parametrics, where he was head of partnerships and business development.
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Bernard Opoku will replace Jeff Sangster as CFO effective 1 October.
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The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.
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She joins after over four years at Securis, where she was head of investor relations and business development.
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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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Ola Jacob's role at Descartes will focus on expanding the firm's parametric insurance offering in the London market to corporates exposed to climate risks across the globe.
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Gallagher Re has stated that the alternative capital market has increased by 4%.
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His role change — following that of LCM leader Darren Redhead in 2021 — raises questions over the firm’s future ILS strategy.
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Morrison spent four years as an underwriter at Securis before moving to Aeolus in 2018.
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The firm joins other challenger brokers in tackling the stronghold of the cat-bond broking space.
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Based in Chicago, Lubbers joins WTW after some two years at ServiceNow, where he was global client director.
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The technology specialist is joining the firm from Reinsurance Group of America.
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In addition, Arch Re global CUO Pierre Jal moved to Zurich to take over as Europe CUO, while president Matthew Dragonetti expanded his scope to lead client-centric initiatives.
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The (re)insurer also appointed Thomas Deane as head of investment banking.
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The executive joined the company from Scor, where he helped to launch Scor P&C Ventures.
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Campbell Brown leaves Amundi after nearly five years.
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Greg McBride joins the firm after nearly 18 months at Mt Logan Re.
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The broker has also appointed Paul Shedden as head of advanced risk analytics for its Risk Capital business.
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New CEO Ami Barlev – who has a background in tech, AI, comms and real estate – said he took the role at an “extremely difficult moment” for the InsurTech.
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The embattled ILS platform took the decision in an attempt to reassure its trading partners.
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WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.
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Kattan’s role will include establishing the strategy and structure of SiriusPoint’s global ceded reinsurance function, managing the ceded team based in Stockholm and overseeing all reinsurance placements.
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The underwriter has worked at the carrier for almost 20 years and has a background in specialty reinsurance.
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The firm’s statement followed allegations in Israeli tech media of missing collateral linked to deals it was concerned in.
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Charles Cooper will be responsible for the development of a significant growth driver for the business.
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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 executive will report to reinsurance solutions CEO Russell Higginbotham.
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Also formally joining the board are Carlyle’s managing directors James Burr and Jitij Dwivedi, and Adam Halpern-Leistner, director at Hellman & Friedman.
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The executive worked for WTW for more than two decades.
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Chris Parish was previously portfolio management and funds team leader at Nephila Capital.
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O’Donnell will focus on strategic and tactical operations within global reinsurance alongside his continuing responsibility for Chubb Tempest Re USA.
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The former chairman and CEO of New York Life will support the asset manager in developing strategies that harness longevity pooling.
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The broker will also work to support traditional reinsurance and retro activities.
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The cyber MGA can now serve clients in Italy, Spain, Ireland, Sweden and Denmark.
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Frank Lopapa was instrumental in the formation of Mt Logan in 2015 and retires after eight years on the board.
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The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.
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John Welch left his role as CEO of domestic markets at Axa XL Re last year in a leadership reshuffle.
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The broker named Matthew McCabe as MD of cyber broking with a brief to tackle complex cyber issues.
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Previously, Shaw was lead underwriter at MS Reinsurance and lead underwriter at MS Amlin’s Bermuda office.
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The long-serving executive turned around the fortunes of the French reinsurer in a two-decade stint as leader.
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Chuck Scherer will report to Jonathan Reiss, chairman of SRS Bermuda.
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The executive will report to president and CEO Dean Klisura.
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Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.
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The carrier has announced several changes to its management committee before revealing its new strategic plan early next year.
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Christoph Oehy will replace Luzi Hitz in November 2023.
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The reinsurance executive is returning to Ariel Re where she was among the firm's earliest hires in 2005.
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Industry veteran Michael Wade will join Helios as a director and chairman, and take on a senior advisory post at Mitsui.
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Tom Johansmeyer is leaving the business to join reinsurance broker Inver Re.
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The ILS investments specialist has assumed a role within the broker's corporate advisory and solutions unit.
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Remaining ILS staff will now report into the group’s CFO.
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Charity Bare joins from Nephila Syndicate Management Limited, where she spent five years as director of risk and compliance.
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After more than a decade at ILS platforms, Brooks has returned to a broking role.
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The marketing executive previously worked at iCapital and Fitch.
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The risk-modelling expert has served at RMS for almost 19 years after joining as a graduate trainee.
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The broker has spent around 15 years working for Aon’s reinsurance unit.
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The New York-based executive had been one of the firm’s co-heads of ILS, leading on investor relations and sales.
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He joins the division during a period of growth, with GWP surpassing $1bn for the first time in 2022.
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The underwriter will work on developing the Bermuda platform and strengthening the global property proposition.
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Bart Zanelli will work within Gallagher Securities, specialising in capital raising and M&A.
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Nigel Hanbury, who has been CEO since 2012, will move into the role of executive deputy chairman.
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The role will involve managing alternative capital strategies for the specialist lines insurer.
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Sang Hun Park previously spent nine years at Allianz before joining Munich Re as a senior origination manager in August 2021.
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The reinsurance and ILS leader joined the firm in 2012 during a “rollercoaster” year for industry loss warranties.
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Jacques de Vaucleroy has been appointed vice chairman as the carrier seeks a new chairman.
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The executive will stand for election at RenRe’s AGM in May.
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Prior to joining Nirvana, Thomas Mannsdorfer led the European specialty underwriting team at Sompo International.
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The specialty leader had worked at recent acquisition Willis Re since 1998.
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Inmaculada Gonzalez was previously US head of ceded reinsurance placements.
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The executive will be charged with unifying carrier engagement and bringing together Gallagher’s offerings.
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The managing director had spent eight years at Aspen before joining the ESG start-up.
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Yaworsky has served as interim insurance commissioner since being nominated by Governor Ron DeSantis last month.
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The ILS executive formerly served at Credit Suisse ILS and Lombard Odier.
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Minesh Jani will report to Bradley Maltese, CEO of international and global specialties.
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The ILS expert had joined as a portfolio manager in 2018 from Ontario Teachers’ Pension Plan.
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Alun Thomas will report to Bermuda CEO Chris Bonard.
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All five new partners will retain their existing roles alongside their new responsibilities as partners.
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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 executive will build out Vesttoo’s capital markets team in the region.
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The head of property and specialty underwriting reinsurance posted on LinkedIn that he had brought forward his planned departure from the firm after 35 years.
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Shea has worked at RenRe for seven years, most recently having served as head of underwriting for credit before the promotion.
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The executive joined Citizens as general counsel in June 2021.
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The decisive move to replace Laurent Rousseau early in his CEO tenure was about “timely decisions”, the Scor chairman said.
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The former reinsurance CEO had previously parted ways with Bob Cooney after working together on a reinsurer start-up last year.
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Shabnam Ahmed joined the firm in October 2020 to build up its portfolio and train junior underwriters.
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Chairman Kessler remains in place until the 2024 General Meeting when he will stand down on hitting the age limit of 72.
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The former Lancashire treaty underwriter had worked at the ILS platform since October 2021.
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The move follows Sal Tucci’s departure from the firm to set up Jireh Risk Advisors.
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The parametrics pioneer said Ardonagh would bring additional capacity to clients with new solutions.
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She had served as director of underwriting at Nephila since mid-2018.
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Having joined the company in 2016, the executive was working as a lead underwriter in LATAM prior to the announcement.
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The executive formerly served in the senior leadership team at Elementum.
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The executive was previously head of casualty underwriting for EMEA.
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Ibarra joins the climate risk-focused platform after more than six years as CEO of Global Parametrics, a London-based InsurTech.
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Having retired from the brokerage firm last year, Glaser will join as operating partner in CD&R's financial services team.
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Albo is the first woman appointed to the organization’s chairmanship in its 30-year history.
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Brian Espie has been appointed as CUO having previously held the position of group head of North American reinsurance at Fidelis.
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The new firm has registered Jireh Re (SAC), an unrestricted special purpose insurer, with the Bermuda Monetary Authority.
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The firm elevated Justin O'Keefe, Cathal Carr, Fiona Walden and Bryan Dalton to US and Bermuda, Europe, casualty & specialty, and property CUOs, respectively.
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The senior broker joined the firm in 2018 after a long career at Willis Re.
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ILS strategies specialist Siti Dawson is moving from LGT ILS Partners.
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The executive spent the past 10 years working for Scor Investment Partners.
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He succeeds Nick Heys, who will transition into his new role as international chairman
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No dates have been set, but it is expected that he will retire before the 2023 Florida state legislative session in March.
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The outgoing CEO will step down in May and spend six months as a strategic adviser to the company.
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Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
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The announcement comes on the helm of both houses of the Florida legislature passing the proposed overhaul of the state's property insurance market.
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The Accelerant group provides capacity to MGAs and maintains two reinsurance carriers.
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David Schmid joins from New Re, where he spent 11 years, most recently as a senior structurer.
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In her new role, the executive will oversee actuarial reserving functions and technical pricing for business underwritten in the US and Bermuda markets.
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The reinsurer said the appointment comes as it looks to grow in the property treaty arena.
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Yao previously served as senior capital and reinsurance specialist at Suncorp’s Sydney office since joining the company in 2019.
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The unit will aim to grow captive solutions and structured solutions.
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The outgoing McGill and Partners head of structured solutions will become CEO of Augment after fulfilling his contact at McGill.
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She succeeds William Mills, who left his role as group head of ceded re and third-party capital for Allianz.
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The executive will step into her new position on November 28 and will report to Andrew Shaw, the company’s lead property underwriter.
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Baltesar worked for Hiscox Re and ILS before joining Credit Suisse ILS in 2019.
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The executive will help grow the insurer’s presence in the region and support the office’s overall operations and strategy.
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William Mills was most recently group head of ceded reinsurance and third-party capital at Allianz.
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Thorsten Fromhold has been appointed to the new role of chief group reinsurance buyer.
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Martina Müller-Kamp will sit on the board of Twelve Capital’s holding company, while Caroline Clemetson and Andreas Knörzer join the board of Twelve Capita’s investment manager.
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The appointments to the board begin with immediate effect.
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The Bermudian reinsurer said both appointments are effective January 1, 2023.
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The broker-dealer said it would continue focusing on secondary trading activities.
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Former Ariel Re executive Edouard von Herberstein was one of the founding team at HSCM and is leaving to pursue other opportunities.
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The third-party business brings in around EUR1.8bn ($2bn) of Allianz Re’s portfolio.
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Paul Shedden joins from Sompo International, where he was head of portfolio design, pricing and analytics – global insurance.
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Neches will also join the board of directors of the Bermuda-based company, effective immediately.
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Prior to his new role, Mark Twite served as global head of reinsurance finance at Axa XL.
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Jason Bolding adds to the growing team recently joined by Alexandre Delacroix and Keshav Gupta.
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The incoming CUO joins from InsurTech MGA Kettle, where he was also CUO.
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The executive joins from Getsafe and has experience at Zego.
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The implications for the Abu Dhabi investor’s billion-dollar ILS portfolio are not yet known.
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The casualty ILS platform is building out its team following a Series B fundraise.
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Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking.
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Julia Henderson served for nine months on Vesttoo’s board before taking up her new role.
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Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.
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The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
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The new deputy CIO will have a focus on reinsurance debt investing.
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Rhoads joined Markel in 2013 as part of its acquisition of Alterra Capital Holdings Limited.
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She will succeed CFO and EVP Nick Burnet, who will be leaving the company to pursue other opportunities.
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The executive brings more than 15 years of industry experience, having worked for Neon and Validus Reinsurance.
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The former Gallagher Re broker is the second departure from the firm in Bermuda since the Willis Re sale.
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Richard Quinn becomes the latest to depart from a property cat-related role at Axis Capital.
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Current chief Thomas Loridan will move to executive chairman.
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Former Natixis banker Alexandre Delacroix will focus on a range of capital market activities.
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The firm has been hiring staff at fast pace, including many from reinsurance backgrounds.
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Based in Austin and Dallas, Texas, the new company will provide fronting insurance to four US carriers.
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The reinsurer’s CFO and COO Michael Dennis has been named CEO, subject to immigration approval.
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The executive will work to help corporations understand and mitigate the threats posed by climate change.
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The leadership restructure comes on the 25th anniversary of White Rock Group.
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Geoffrey Saville spent nine years at WTW and the Met Office.
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Some might see the ILS sector as more institutionalised compared to personality-driven hedge funds, but there is little doubt that the original generation of ILS leaders will be hard to replace.
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Contasta joins the Connecticut-based reinsurer after over 14 years at Alleghany-owned carrier TransRe.
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Chris Killourhy joined QBE in June 2015 and has held several roles in the company, including chief actuarial officer and CFO of QBE’s Australia Pacific division.
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McGhie has served for the past 30 years in Asia.
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Philippe Kremer spent three years at Citi and nearly eight years at Swiss Re Capital Markets.
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The firm also hired Aspen’s Crystal Ottaviano as global risk solutions chief risk officer.
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Neyme was previously vice president, US casualty treaty.
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Swiss Re’s advisory firm aims to offer investment management services to third-party investors.
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Ledger is on a hiring spree after a $75mn Series B round.
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Piotr Nowakowski joined Peak Re in January from Echo Re and was previously head of product underwriting for Peak Re’s P&C business.
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Underwriters in both London and Singapore are in discussions with the company.
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Based in Morristown, New Jersey, the executive will report directly to Victor CEO Brian Hanuschak.
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Sharon Ooi joins Swiss Re’s executive board and will be based largely in Hong Kong.
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Craig Dandurand is to depart Australia’s Future Fund after nine years, as the pension scheme reorganised its investment team, putting its ILS portfolio under the responsibility of new head of alternatives Tammi Fischer.
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He led on structuring an innovative $1.15bn reinsurance stop-loss transaction in April.
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Gupta moves from Axis Capital where he served for four years in the New York team.
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The property reinsurance underwriter had joined Axis Re’s London team three years ago.
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Board member David Patterson took on the role on an interim basis, while Monarch has recruited a new CFO who previously served at Security First.
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Jacquet previously served for five years at Credit Suisse ILS.
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The executive will rejoin as EVP, reinsurance purchasing and risk capital optimization.
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Kalachian moves from Allianz where he was a managing director.
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Claire Souch helped upgrade RMS’s US hurricane model in 2011 during her previous tenure at the firm.
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The recruit joins from Verisk.
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Howie was a principal in Mercer’s hedge fund boutique where his areas of coverage included ILS.
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The consultant will be heading up manager research at the legacy carrier.
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Matz worked at Tower Hill for 26 years, where his titles included COO and SVP.
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The former Chubb exec will remain on the board as an independent director, along with president and CEO Jacques Bonneau.
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Envelop anticipates that cyber ILS could hit $100mn of GWP within four years
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Peter Kiernan replaces Simon Penney, who is moving to an analytics role.
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They will join the team led by Stefano Sola to bolster Vesttoo’s alternative investment products.
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Mary O’Connor joins from KPMG, where she was acting CEO.
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Grant Baxter will take up the role towards the end of the year.
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Tim Rayner was most recently CEO at the company.
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Dan Dijak is to oversee business development and retention in North America.
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It is understood that he will work on large global client accounts and staff mentoring.
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After 26 years the firm’s chairman of UK and global specialties is stepping down.
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Managing director Laura Twidle is to replace founder Joel Baker, who will become vice chairman.
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His move follows other turnover among ILS consultants last year.
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In this newly created role, Joe Stuhl will lead the reinsurance organization’s global distribution strategy and address emerging needs.
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Kevin Rehnberg, who has been out on leave for health reasons since March 2022, is stepping down from the top role and the board of directors.
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The executive will report to Everest Group COO and head of reinsurance Jim Williamson.
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QBE Re CUO Peter Wilkins will step into the role until a suitable replacement is found, the company said.
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John Duda joins from Markel, where he led the retro portfolio management team and was instrumental in the launch of Markel’s ILS fund, Lodgepine Capital Management.
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The outgoing reinsurance CEO will be succeeded by Stuart McMurdo, current CEO of Scor UK, the Scor syndicate and regional CEO of EMEA.
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CEO Luca Albertini has no immediate plans to step down but the firm said the promotion provided clarity on succession plans.
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Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper.
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Sources said the company is to part ways with around 60 staff as it completes the pivot to specialty (re)insurance.
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The executive joins after spending a decade at Nephila Capital.
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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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The broker spent three years with Aon in Bermuda and New York.
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The executive has worked for Beazley for almost 16 years.
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Lee Shavel, the current CFO, was made CEO, Mark Anquillare was made president and three new members were appointed to the board.
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The broker had led Aon’s Global ReSpecialty brand since 2019.
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Group chief accounting officer Erick Fernandez will step in as an interim.
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The incoming CFO brings with him more than 15 years of experience in financial services, insurance and capital markets.
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Matthew Kirk will join the carrier’s insurance executive leadership team and report to Grahame Millwater, president of global insurance.
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The incoming COO joins from PGGM, where he is currently a director within the credit and insurance-linked investments team.
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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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The reorganisation is one of the first major changes to the reinsurance arm since Nancy Bewlay became CEO of the division.
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The hire of the senior Horseshoe executive follows two earlier ones, as Bryce Wojciechowski and Alex Staab joined as analysts.
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A restructure will see a global product leader appointed for all QBE Re’s business lines.
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Hansen’s appointment is in support of the company’s decision to separate the roles of chairman of the board and CEO.
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The panel also spoke of a “bifurcation of investors” between sophisticated ones seeing a complement to cat risk, and smaller ones which prefer simplicity.
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Shanna Lespere joined the BMA in 2004 and has held various roles at the authority including COO for the past seven years.
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The underwriter had worked at Hiscox since 2019 following a long stint at Ariel Re and predecessor entities.
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She was previously an investor relations senior manager at Swiss Re.
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Mango was a respected industry leader and played a key role in elevating the company’s culture of rigorous risk management.
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The company said it is seeking to “extend the boundaries of insurability” as it can now model over 50% of secondary peril exposure.
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March brought a flurry of people moves in the ILS market.
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The committee is the most senior management team at the Bermuda company, responsible for governance and strategy of the firm.
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The AI-driven platform has been building out its team this year.
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The executive will oversee management liability, healthcare and casualty/specialty reinsurance.
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The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.
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The firm has refreshed its management line-up and said it would develop new low-correlation products.
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Pool Re announced in November that Enoizi was departing after leading the state-backed reinsurer since 2013.
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The new firm says ESG criteria will be embedded into the products.
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The Lloyd’s business is drawing on TMHCC to advise on the future of its reinsurance book.
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TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.
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She will remain based in Bermuda as head of risk capital strategy.
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He will lead strategy and development for the team, which provides consulting and software.
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Tuttle has more than 35 years’ experience in P&C broking and cat modelling.
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Carr was previously SVP, global head of property catastrophe at the reinsurer.
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Chris Harding and James Ferris have been appointed as directors of capital and risk advisory, effective April 2022.
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The incoming SVP joins from BMS Re, where she led the catastrophe analytics team for more than 10 years.
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CEO Steve Donaghy said the hires would boost the company’s strategic objectives.
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The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.
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Singh had managed Lloyd’s catastrophe risk appetite prior to joining MS Amlin.
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The broker’s appointment of Jim Fiore follows his decision last year to leave QBE after nearly 30 years at the carrier.
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The former Horseshoe chairman stood down from the firm earlier this month.
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The ILS platform of Everest Re is looking to optimize value for the group and investors.
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The executive joined the company in 2010.
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Brian Kirwan, Douglas Min and Omar Ali have been appointed as general managers of Europe, Korea and the UAE, respectively.
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The former head of GC Securities will be tasked with easing investment in Lloyd’s underwriting.
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The manager’s Bermuda and Chicago teams have been boosted in recent months.
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The executive’s prior ILS roles include stints at Hamilton and Horseshoe.
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His departure follows the closure of retro platform Lodgepine and Markel’s cat exit.
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Mark Groenheide, who has held several positions at HDI and Zurich, was most recently senior vice president of excess and surplus lines at GuideOne.
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CEO Trevor Carvey will relinquish chief underwriting responsibilities to focus on his group strategy role.
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The former Peak Capital and AlphaCat exec will take on a general investor relations role, while Kitade will focus on business development in Asia.
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He spent seven years at Arch Capital and will be working on HSCM’s reinsurance strategies.
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Lauer and Bean work in operations and Denny on the investment side.
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RenaissanceRe has nominated Shyam Gidumal to its board, while Jean Hamilton is set to retire from the board in May 2022.
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He will work with investors and sit on Leadenhall’s ESG Committee.
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The hire comes as the ILS firm grows its asset base during a surge in cat bond popularity.
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The global broker has created the new role to develop its analytics offering.
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The reinsurer is expanding its Bermuda presence under the leadership of Tracey Gibbons.
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The parametric climate risk firm is building out its team following sale of a stake to SiriusPoint.
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In his new role, Alex Ntelekos will be responsible for supporting the growth of Gallagher Re’s public-private initiatives across the region.
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Hvidsten had worked at Willis Re since 1997, before it was bought by Gallagher, and will continue to serve as a consultant to the firm.
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Piotr Nowakowski will join Peak Re in February 2022 and be responsible for managing the company’s underwriting functions.
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The hire of the former Natixis securitisations expert will boost sector coverage in the financial institutions team.
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Richard Pike joins Howden Re from Berkley Re, where he was responsible for regional ceded reinsurance.
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Li has twenty years of modelling experience and previously worked at Guy Carpenter.
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Child will retain his current role of managing director of SRS Guernsey while taking more responsibility as CEO of SRS Europe.
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The pair have helped to lead the life and alternative credit team since January 2020.
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The team will not offer an ILS product but plans to invest in insurer capital-relief instruments as part of a new asset management play.
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The company has also named Rui Marliere as head of its Latin America and Caribbean business.
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He will replace Jonathan Malawer, who held the position for fourteen years and has left to join a new firm focussed on climate risk investments.
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The appointment follows the departure of Mike Hoffmann after a just over a year.
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The former MS Amlin head of reinsurance takes up the CUO role next week.
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The firm said he would oversee transactions and assist in growing AuM.
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Michael Fitzgerald has also been promoted to head of the firm’s North Carolina office.
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The former Bernina Re chief reinsurance investment officer will join Echo Re in March.
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At Lockton Re, Cheney spent the last 18 months as senior broker and co-leader of its property practice.
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In a raft of promotions, Andrew Rippert will become reinsurance CUO and Beatrice Morley head of international reinsurance.
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The former Swiss Re Capital Markets executive will report to ILS unit CEO Paul Schultz.
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The recruit was formerly a portfolio manager at Nephila Capital.
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The former Army captain is expected to remain in the insurance industry.
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Manjit Varwandkar, who managed the parametrics product line at Sompo, will manage the Medici Fund.
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November moves included a new team at Inver Re.
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K2 Parametric will offer policies that pay pre-agreed claim amounts based on local parameters of measurable events, such as hurricanes or earthquakes.
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SiriusPoint has hired Andreas Kull as its new chief risk officer, the Bermudian carrier announced.
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Swiss Re CEO Christian Mumenthaler has been appointed chairman of The Geneva Association at the company’s 10 November board meeting, while Lee Yuan Siong, chief executive and president of AIA, was appointed vice chairman.
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Ardonagh’s reinsurance business Inver Re has hired former Howden executive Nick Griffiths as a director.
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The company confirmed its hire of Ian Wicks and announced Simon Arnott as a Bermuda executive.
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Twelve Capital has promoted two executives to the new roles of co-managing partners to take on day-to-day management at the firm and head its group management committee.
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AIG has disclosed that AlphaCat’s AuM was $3.5bn as of 30 September, down by $300mn from the $3.8bn reported for Q1 2021, and 17% from $4.2bn a year ago.
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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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The firm has hired former head of specialty at Ariel Re, Amit Shah.
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The broking group has hired Sussex Capital’s Adam Champion and investment banker Niall Baird for the new venture.
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There were new hires at Mt Logan, AlphaCat and Howden Bermuda.
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Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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The hire comes after the intermediary agreed to buy Bermudian business Foram.
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Adderley will head the Bermuda office’s corporate practice and insurance and reinsurance sector globally.
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The addition follows the launch of a new high-risk strategy earlier this year.
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The Scor chairman takes over from Swiss Re CEO Christian Mumenthaler, who steps down after two and a half years in the role.
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The reinsurer said it was adding "a new generation of expertise" to its energy team.
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In the newly created role, Bobby Heerasing will be based in Singapore and report to Monica Cramér Manhem, president of international reinsurance.
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TigerRisk has taken several bold steps to solidify its position as the fourth-largest reinsurance intermediary in recent months.
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Former RMS global managing director Daniel Stander will also act as a senior advisor to the satellite data provider.
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The company has also confirmed that new recruit Tim Ronda will join as president later this month.
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Kate Vacher has taken on the role of CEO for the reinsurance broker’s Bermuda entity and will report to Angus Milgate, head of international treaty reinsurance.
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The former Aon US reinsurance president will join the challenger broker in just two weeks.
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Tim Ronda was president of Aon’s US reinsurance business and was recently given a new global leadership role.
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Before joining Fairfax, Martin Thompson served as president and CEO at RSA Canada, where he worked for over two decades.
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The executive has worked for the company for two decades.
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In his new role, Andy MacFarlane will be in charge of developing Axa’s climate strategy.
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He becomes the first service company provider to hold the title.
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The charity made history this year with its issuance of the first ever humanitarian cat bond.
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Daniel Butzbaugh will work at the company’s New York office and lead its cat and industry loss warranty transactions.
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The high-profile ILS lead has departed Aon Securities to spend more time with his family.
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Daniel King-Robinson and Tobias Engeli have joined Twelve Capital from EFG Bank to work on sustainable and climate investing, which the firm said strengthened its ESG focus across portfolios for institutional clients.
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Robert Wiest takes over from interim CEO Martin Albers, MS Amlin chairman, who stepped into the role following Chris Beazley’s exit.
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Nick Godfrey has been made head of capital markets, Jonathan Zisaruk head of legacy, Lauren Johnson president of corporate advisory and solutions, and Nick Triggs a non-executive board member.
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Brooks had been in his post for almost two years and joined AlphaCat in 2011.
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Both the firm’s underwriting and portfolio management functions will report into her.
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Kevin O’Donnell also said he saw social inflation as more of a concern for the industry than climate change.
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Hannover Re CEO Jean-Jacques Henchoz told Trading Risk there was a “question mark” about whether demand would carry over into next year.
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Amy Green is now associate non-life portfolio management and research, after new hires in the firm’s London-based life team as well.
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The former Willis Re vice president and head of European ILS joins as GC’s London ILS leader Des Potter is set to retire.
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Van Viet was head of underwriting management and retrocession at Scor for 13 years before taking on her current position.
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Megan Kempe is now based in Bermuda as senior vice president of emerging risks.
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The speciality residential and commercial house has a focus on earthquake, hurricane and flood risk.
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She previously worked as VP underwriting for IAT insurance group, a Florida based property-casualty carrier.
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Modin will succeed David Whiting, who is retiring after a 45-year career in the reinsurance industry.
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The reinsurer has also appointed Greg van der Made as treaty underwriter and David Cary as underwriting manager.
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Neville Weston, who will be based in Bermuda, will also become a member of Sompo’s reinsurance leadership team.
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The ILS expert spearheaded modelling of catastrophe bond issuances during his time at AIR Worldwide.
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There were a number of moves and new acquisitions at Aon this month, as the broker shuffled its reinsurance management team.
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New chiefs announced for Asia-Pac, Emea, Canada and the Caribbean.
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Guy Van Hecke, deputy CEO of Axa Global Re and head of group reinsurance, stepped in to lead the unit on an interim basis.
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At least 22 people have been killed, with 3,000 power outages reported in Humphreys County as of Monday morning.
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UK CEO Nick Frankland moves to a chairman role of a new consultancy unit.
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Edwards will begin his new role in October and comes as TigerRisk looks to expand its P&C team.
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Matt Berdoff, Jason Braunstein and Wendy Wong-Tsang have joined the firm’s partnership.
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He previously held roles at Tower Hill, Axis and Aon Benfield.
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He spent more than seven years as vice president of the firm’s capital markets and advisory division.
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Joe Sergio Jackson will be responsible for key property accounts regionally and globally.
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The 2017 start-up has previously focussed on quota share investing.
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Craig Darling said the opening of a dedicated branch in Florida showed Acrisure Re’s commitment to the state and region.
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Former group portfolio manager Phillip Murfet will become CRO
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The hire comes as other challenger brokers have added ILW experts, including Price Forbes and Lockton Re.
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The former Alterra Global Reinsurance CEO will be responsible for establishing the new hub for the reinsurance broker.
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It’s been a year of high turnover in general, but the ILS low-cost operating model can become a disadvantage in managing through such disruption.
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Masojada will retire at the end of this year after 21 years and be replaced by Hussain at the beginning of 2022.
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Craig Swan will become CEO of the monetary authority, after working as deputy CEO for 21 months.
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The broker must ensure it is “leaving no stone unturned” in its search for capital, according to president and CEO of North America Pete Chandler.
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The executive has worked at Miller, PWS and Newman, Martin and Buchan.
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The new team will focus on risk transfer products to help accelerate and de-risk the move towards a low carbon economy.
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The portfolio manager had been with the firm since 2018, with incoming CUO Adam Szakmary expected to take up his responsibilities.
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After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
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Ian Hanson spent eight years at Willis Re in Tampa and Minneapolis.
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He will oversee the company’s internal and external communications around ESG issues, as well as diversity and inclusivity initiatives.
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He will join on 22 July, after Ben Rubin left the firm earlier this year.
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The insurance investment expert joins Jefferies with a brief to develop activity in EMEA’s primary and secondary insurance credit markets.
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Her move follows overall leadership change at Nephila Climate.
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In a filing, the company said he was leaving the post “to pursue another opportunity”.
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He worked for eight years at the French firm, where he oversaw the strategic direction of its ILS business.
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Habib Kattan will support the implementation of the company's outward reinsurance strategy.
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Jessie Ruppe joins from Arch to oversee casualty ceded reinsurance, while two internal promotions will be responsible for financial lines and property cessions.
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The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.
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Oliver Denbigh had been at Aon since 2012, most recently as a senior broker on its non-marine specialty team.
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James Johns will join the firm from Willis after some years at Talbot, while Josh O’Donoghue was at Aon.
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The executive replaces Emmanuel Thommen, who has announced his retirement.
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May and June people moves included several former Aon retro executives taking on new roles at challenger broker Lockton Re, longtime Credit Suisse executive Marcel Grandi moving to an advisory role at Twelve Capital, and several underwriting moves in Bermuda.
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Across a wide range of different ILS strategies, there are a number of managers that have failed to gain critical mass in the past 5 years.
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The underwriter had worked with the ILS firm since 2018.
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Frederick Streeton will join in September from Liberty Mutual Group, where he was head of underwriting strategy for the its global risk solutions business.
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Jasmine DeSilva will work on strategic initiatives and business development for the ILS services provider.
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The Chicago-based executive has also worked for Credit Suisse.
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Trading Risk reported last year that the Aon executive had resigned to join Lockton.
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Dimosthenis Tsaknias is to lead the InsurTech’s worldwide flood modelling.
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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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He has ended a more than five-year spell at the Bermudian investment manager.
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She will be the team leader for pricing and modelling global lines-related cat business with a special focus on agricultural reinsurance.
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The former Peak Capital CEO has left the ILS platform he set up.
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Jan Piec will leave Bernina Re where he is currently an underwriter, sources said.
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The new finance chief arrives from cyber InsurTech Resilience, where he was CFO, having previously spent 23 years at JLT.
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The platform has backing from ILS firm HSCM, although cyber paper was provided by HDI.
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Willis Re CEO James Kent is expected to take on the leadership of Gallagher Re following the completion of the acquisition.
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Sven Wehmeyer, who will remain as CEO of Validus’s Zurich-domiciled reinsurance arm, replaced Steve Bardill as head of international on 1 June.
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The executive had previously been the head of third-party capital at Axis.
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Century Equity Partners and WT Holdings are backing the new venture.
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The former Bernina Re underwriter will remain in Bermuda.
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Robert Schumaker will lead the firm’s programme to bring in investors for securitised insurance risk.
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The newcomer joins as a partner at the expansive broker.
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The start-up's new hire was a founding member of the leadership team at Fosun-owned Peak Re.
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Making it easier for brokers to use facility capacity is key to uptake, says the facility’s CEO, Dan Prince.
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The former Swiss Re ILS specialist has joined the carrier after its debut sidecar launch.
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The executive was one of the Swiss bank’s most senior ILS executives and established their life fund.
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The former Bermuda Brokers and JLT Re broker says ILW appetite is expected to remain strong after benefitting from pandemic trading activity.
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Matthew Harvey joins as a senior vice president and leader of the operation.
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Edward Howland Jackson will lead the operation from Singapore.
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Denis Kessler will cease to be CEO from the end of June this year for personal reasons, a year earlier than planned.
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The executive, the latest in a string of key hires at Richard Watson’s start-up, will join as head of capital.
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The executive will take up the Hong Kong-based post on 1 September.
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CEO Bertele said poor macroeconomic conditions caused by the pandemic could be an opportunity for investors to become more involved in non-cat risk.
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The executive’s responsibilities will be taken on by chief operating officer Jim Williamson.
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Ann Haugh will lead the new global property division, with Andy Hottinger heading up international and Jonathan Gray specialties.
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The former Nephila executive held a similar role at the ILS manager until last year.
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The Bermudian booked a $4.6mn loss from Winter Storm Uri.
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Aspen’s outwards reinsurance team now also joins the carrier’s capital markets unit.
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He is expected to join the firm’s property reinsurance broking team after his gardening leave ends.
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The Tremor CEO spoke to Inside P&C recently, offering an inside look at his company’s Panorama platform.
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The former Aviva executive joins the Corporation with the new position.
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Collaboration to set standards and adapt ESG goals for the ILS market is crucial, ILS Week speakers agreed.
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The carrier increased premium volume by 20% at 1 April as Japanese cedants lifted limits.
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The executive had been an adviser to the company’s board since September 2020, but it was announced yesterday that she had joined the company full-time.
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Scor Investment Partners has announced that the assimilation of Coriolis Capital into its wider ILS business has now been completed, following an acquisition of the London firm in September 2019.
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Speaking at this publication’s 2021 ILS week, the managing partner of Integral ILS argued that primary catastrophe insurance was the best spot for ILS expansion beyond cat reinsurance.
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The appointment marks a return for the exec, who worked for Benfield in the mid-2000s.
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Significant moves in the past month include a new CEO at Horseshoe, underwriting and investment relations hires at Aeolus, and a new CUO for AlphaCat.
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High service levels, lower fees and more liquid instruments could also help expand the high-net-worth sector, panellists at a Sifma IRLS conference said.
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The former Blue Capital portfolio manager is joining the wildfire-focused MGA to lead underwriting.
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The former investment consultant will move to Bermuda for the role.
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Mary Margaret von Herberstein will work on relationships with quota-share capacity providers.
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The executive had previously worked on Montpelier’s Blue Capital before his four-year stint at Hiscox Re.
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The executive succeeds Richard Boyd, who leaving the business to relocate.
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The former Syndicate 4472 active underwriter is to oversee LM Re’s global portfolio.
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She replaces founder and CEO Andre Perez who will take on the role of executive chairman after a short transition period.
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The executive will be replaced by CFO Holger Tewes-Kampelmann.
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Lynette Pirilla Walter takes on the chief legal officer role as John Drnek joins the firm in Bermuda as general counsel.
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Clarke’s appointment represents a coup for Tremor, which said today it has completed 15 treaty placements to date.
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Hank Greenberg’s Starr Insurance and Liberty Mutual have invested in the service provider, which will enable bitcoin-powered P&C solutions.
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Fallout from the 2019 JLT Re integration intensifies after a group including Brad Maltese were earlier reported to be set to join Howden.
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The newcomer has also spent more than eight years at Guy Carpenter.
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The broker will lead London teams focusing on Europe, as well as the new European Broking Solutions team.
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Underwriting profits in future must be able to counteract reduced investment income due to ultra-low interest rates, the CFO said.
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Around 15 producing brokers are on the move, with a number from the non-marine specialties team.
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The new recruit, a former senior Liberty Mutual executive, put his insurance start-up plans on ice last November.
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Senior executives Michael Owen and Hussain Ahmad will jointly lead the new venture.
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QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.
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Iain Reynolds and Andy Souter will replace Kershaw as co-heads of P&C.
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The Italian carrier’s general manager returns to Axa after five years.
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John Klaus has been named global head of reinsurance placement, after the earlier announcement that Elaine Rocha would take up a newly created role of global chief operating officer.
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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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Significant moves over the past month included the appointment of Chris Parry as global head of RenaissanceRe Capital Partners and the departure of Axis head of risk funding Ben Rubin, as well as an ILS launch at ERS and a new bond team moving to Credit Suisse ILS.
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The former Mt Logan Re property reinsurance underwriter took on the role this month.
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Dailey was vice president of model development at RMS.
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David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.
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Marcus Foley joins the Bermuda office, while Tim Radford will work in London.
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The recruitment marks a return to Aon for the energy broker.
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The start-up aims to place $1bn in capacity this year.
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The (re)insurance services company recently hired a COO for its ILS operations.
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In other appointments David Govrin becomes global CUO and Americas reinsurance president, and Monica Cramér Manhem international reinsurance president.
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Arch Managing Agency was launched last year to bring together Arch and Barbican’s Lloyd’s operations.
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The EU’s chief insurance supervisor wants capital markets to augment the capacity provided by traditional (re)insurers.
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The executive joins after a decade at PartnerRe and will have a dual focus at the broker.
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Deanne Nixon is currently CUO at the Floridian insurer.
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He has held a seat on the company’s board since 2017.
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The move gives Credit Suisse a UCITS cat bond fund alongside its existing ILS products.
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He has taken on a role as senior property underwriter after a stint as portfolio manager at Axa’s ILS unit.
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The appointments follow the promotion of Jeremiah Konz to chief reinsurance officer.
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Third Point Re also confirmed Tim Mardon as global property head and named Rachael Dugan as general counsel.
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Offering crop reinsurance is the latest move since Core Specialty launched in November.
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He replaces Tim Mardon, who recently moved to Third Point Re as global head of property.
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The executive’s hire continues a run of talent that has joined BMS in the past year.
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The executive had been president of Bermuda for Chubb’s reinsurance arm since 2011.
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The executive will join the reinsurer ahead of the close of its merger with Sirius International later this month.
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Following his departure Axis’ third-party capital unit will become a standalone division.
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The Aquiline-backed carrier will offer multiple strategies including a high-risk and cat bond fund.
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The move follows the company hiring new InsurTech partner Adrian Jones last month.
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The Bermuda-based broker is believed to be heading to Corant along with other hires.
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December and January people moves in the ILS market.
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The executive, based in Chicago, is a former broker and joined Argo’s ceded re team from Allied World in 2020.
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The executive takes over from Megan Thomas, who left to become the CEO at Hamilton Re in September.
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He reports into Peter Martin, who was made head of the carrier’s reinsurance capital management business.
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Gebauer, Kent, Pullum and Garrard are among the Willis execs named to big jobs.
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The carrier set up a "modest" retro vehicle but has plans to expand into other lines of business.
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The arrangement grants the carrier access to different capital pools, the CEO said at the Insider London event on Tuesday.
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The executive, who was confirmed in her role earlier this month, bought 19,950 shares at the IPO price of 500 pence per share.
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The executive was previously an underwriter at Chubb Tempest Re and Odyssey Re.
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The executive will be replaced by Peter Elliott on an interim basis.
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He will take over from current CEO Rupert Swallow next month.
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Affirmative cyber risks could be the next systemic risk the ILS market takes on, the executive suggests.
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Jennifer Law will join the team and report to Japan reinsurance solutions CEO Rupert Moore.
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The retro market veteran will join ex-Markel property cat colleague Peta White at the start-up.
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The additional raise takes the carrier’s committed capital to $3.2bn.
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The start-up adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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The ex-Scor staffer will work to expand HSCM’s InsurTech business and serve as managing director.
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Ben Somers, former head of investor relations, has left after more than 11 years at the company.
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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis.
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Kessler originally joined as chief actuary at Ace Westchester in 2003, while Konz arrived from Aon Benfield in 2012.
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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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Nick Foden-Pattinson will lead the team, supported by Jeremy Brasier and Tony Key.
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The expansive broker sees an opportunity in a highly consolidated reinsurance market.
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The executive had previously spent three years at consultancy firm Redington.
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Aggregate retro capacity has “reduced enormously” but rate increases were less severe than some had feared, the Willis Re international chairman said.
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The newcomer held the same role at the French insurer’s London hub for around nine years.
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Founding CIRCA members include Greenlight Re and Barents Re, as well as Knighthead and Nassau Re, whose senior executives take chair and vice chair roles.
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Manuel Almenara worked at Willis Re Latin America and Caribbean for 21 years until 2015 before moving to InsurTech Hello Zum.
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Other key hires include Marc Bearman as head of specialty for marine and energy and Andrew Smith as CRO.
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The InsurTech announced a partnership with Lockton Re earlier this month, and completed a fundraise in the fall.
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The hire follows a $18.5mn fundraise that the firm planned to use to expand in the US and Asia.
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The executive left PartnerRe in March of last year following a reorganisation of the company.
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Fellow founder Will Thorne will take over the leadership responsibilities and manage its second fund.
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Kessler will continue as chairman after the handover, while the incoming chief will start out as deputy CEO.
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The CEO called reinsurance an incumbents’ market, despite the influx of new capital.
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The North America property underwriter joins from Markel alongside a slew of former Hiscox colleagues.
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The firm comes as part of a planned expansion in that segment of the reinsurance market.
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RSA’s Scandinavia finance chief will replace Mark Allan, who is moving to run new syndicate Ki.
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He will replace Hamza Khan, who left the firm for personal reasons, Trading Risk can reveal.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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The former Faraday CEO will work to develop new business and expand the solutions offered in the region.
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The carrier would consider a variety of tactics to manage third-party capital, the CEO said.
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The executive will lead the retrocession and property specialty segments.
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The new hire has nearly a decade of experience in Asia.
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Reardon, Dudek and Roberts are all set to be reunited with former colleagues including Jeff Clements.
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The deal will help the Aquiline-owned syndicate diversify away from motor insurance.
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The former head of AmTrust Re and ex-MS Amlin property underwriter will help establish the start-up's Bermuda office.
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Based in Zurich, the former Schroders executive will become senior property underwriter for France, Benelux, Iberia and Africa.
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The Axa CEO has “very high confidence” that Scott Gunter and his team will achieve EUR1.2bn in underlying earnings by 2021.
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David Bangs joins from Willis Re Singapore where he worked for more than 15 years.
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Significant start-up moves this month included Kathleen Faries and Julia Henderson joining Lavant and Piers Cantlay signing up to join McGill.
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The current chief says the governance structure will evolve in a “new phase” for the reinsurer.
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Former Canopius marine treaty head Andrew Gladwin becomes CEO of the British entity.
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He joins Jonathan Reiss as the company’s second senior ILS hire in November.
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The three director changes fall short of a proposal by former bidders Senator and Cannae.
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Emmanuel Clarke, Frédéric de Courtois and Benoît Ribadeau-Dumas reportedly compete with insiders including Laurent Rousseau.
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Founder Lee Van Slyke has taken over the top job, according to the InsurTech’s website.
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The move comes days after Artex announced the hire of his brother Adrian.
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He will assist with building up a UK investor base for the firm.
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Lavant is seeking at least $600m ahead of a proposed launch in January.
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He joins from Aon, where he has served in a similar role for seven years.
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The Bermudian start-up carrier has identified a team that includes Tristan McDonald as well as another Hamilton alumni Stuart Quinlan.
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The new hire comes after a slew of senior appointments made by the start-up in recent months.
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Enstar and a Canadian pension fund also back the venture, which is going through Lloyd's planning.
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The move comes as Markel Re closes down its independent cat reinsurance underwriting.
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The experienced broker had been freelancing for almost two years.
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The Nephila CEO said ILS capital backing sidecars that are a "trade not a relationship" will charge a higher cost of capital.
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The carrier’s co-founder Bruce Lucas will step down as CEO on November 30.
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The hire comes amid other promotions, including that of Sophie Lancaster, who has been named executive director.
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Significant changes this month include a shuttering of Markel Re's cat business, and several ILS experts joining Axa XL CEO Greg Hendrick at start-up Vantage
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The reinsurer’s CFO warns pandemic “is not over” and declines to guide on year-end result.
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HSCM’s Michael Millette urged industry participants to prepare for growing cat risk on the back of climate change.
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Industry veteran Payne was most recently at Credit Suisse Lloyd’s syndicate Arcus.
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The former Aon retro broker joined the firm several years ago.
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Nat cat events make up over two-thirds of the Q3 losses, with Covid-19 claims accounting for 23%.
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Ex-Brit underwriter Julia Henderson has resigned after two years, while a new CFO joins from Markel Re.
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The ex-Validus Re CEO will head up the pending Class 4 reinsurer after the White Mountains buy-in.
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The new chief joins from Hiscox ILS with a mandate to expand the reinsurer’s third-party capital platform.
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Platform planning head Tim Shreeve and portfolio manager Niall MacGillivray have left.
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The former Hamilton Re leader replaces Mike Krefta, who announced he was stepping down in August.
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The new platform encompasses Aon’s existing global MGA and portfolio solutions businesses.
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Former MS Amlin CFO Richard Hextall is also set to join Aquiline's Lloyd's business.
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The European reinsurance chief says interest rates and loss experience drive the carrier’s hardening stance.
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His appointment comes after Steve Bitar took over as CEO in April.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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The reinsurer dubbed "Vantage" also secures Aurora Swithenbank as CFO.
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Shabnam Ahmed will build out the manager’s portfolio and train other underwriters.
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Chris Schaper becomes Validus Re CEO, Pat Regan suddenly departs QBE and more.
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The experienced pair will advise on insurance, reinsurance, weather risk, commodities and technology.
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Lee joins from guarantee firm Athene Holding, where she was an investor relations director.
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Former Markel underwriting executive Trevor Carvey will also be part of the leadership team.
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Incumbent Ethos CEO Rory Cline becomes executive underwriting officer for all of Ascot’s North America business.
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The executive will work alongside outgoing chief Richard Pryce for the next few months.
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The changes move away from a management structure built around types of business.
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The executive has more than two decades’ experience as a reinsurance broker, most recently at BMS Group.
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The former New Ocean and CIG Re leader is expected to join the start-up alongside other major market names.
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The Bermuda carrier will be an initial investor in Griffin Highline.
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The investment relations head will also join the group executive committee next month.
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Whiting had worked with the firm, which is planning further life ILS fundraising, since 2007.
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BMS plans to expand into the retro sector but will avoid being drawn into bidding "frenzy".
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The executive will report to Hyperion X Analytics managing director David Flandro.
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Axe will serve as a UK-based senior advisor aimed at helping the InsurTech start-up grow.
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Aon’s former head of international catastrophe management will take up the position next September.
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The Zurich-based Munich Re subsidiary replaces Renate Strasser.
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Chris Dittman will add the new title to his existing role as chief risk officer.
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The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.
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The experienced executive spent a decade in Asia Pacific and ILS roles at Willis Re.
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Nicholas Hughes will become retro head, while Guy Hengesbaugh and Aaron Coates join as underwriters.
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ILS veteran Kathleen Faries also advocated for an industry superhighway to transform the way risk is moved.
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The underwriter has over two decades of experience and worked in origination and analytics at NewRe.
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Magnani became vice president, based in London, in September.
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Enterprise and property cat reinsurance are a “must have,” chief risk officer Julia Chu says.
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ILS expansion beyond cat will continue, the Everest Re CEO added.
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The executives also called for government-private sector partnerships to address future pandemics and other protection gaps such as cyber.
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Rising capital costs, not losses, will support reinsurance rate increases, the CEO argued.
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The reinsurance broker’s international chief leaves after 35 years.
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The appointment follows a number of senior departures from Aon’s reinsurance ranks.
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Investors will be able to see their capital instruments in real time, CEO John Neal said during Insurance Insider’s virtual (Re)Connect event.
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The newly created role will focus on broker relationships in the E&S markets.
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A much harder retro market is driving reinsurance price increases.
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The executive says a time lag for start-ups to achieve profitability would favour incumbents.
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Ex-RenRe CUO is eyeing a start-up, while other new propositions tussle over Ariel.
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Piccolomini and South pick up Advisory, while Clarke will head up global placement.
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Alan Tua will join the syndicate from Direct Line Group to develop its underwriting algorithm.
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The UK supervisor last year became the first to specify how insurers and banks should approach the threat.
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Megan Thomas will replace David Brown, who took the interim role on the departure of Kathleen Reardon last month.
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Driscoll was a founding employee of Validus in 2005 and became CEO of its reinsurance division in 2012.
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Beach has hired Willis Re executive Warren Berkstresser as senior vice president of its US reinsurance division.
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Lawrence Po-Ba was hired by the firm to source capital solutions for Lloyd’s syndicates in May.
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The executive, a key lieutenant of group COO Peter Zaffino, is the first of the Duperreault-era management team to leave.
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Warren Berkstresser will focus on US property treaty and specialty programs and open and run the broker’s new Seattle office.
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The broker specialises in North American P&C and transportation risks on a facultative and binding authority basis.
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Karen Clark & Company models have helped revolutionise catastrophe risk management, laying the foundations for ILS capital to enter the market.
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The major ILS investor is pursuing more direct partnerships, PGGM senior investment director Eveline Takken-Somers told this publication.
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Lohmann will move into the newly created role of chairman.
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The executive joins from Axa XL to take up the newly created role.
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The move follows the departures of Validus Re CEO Jeff Clements and head of US property underwriting Chris Silvester.
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Ghosh will work closely with CEO Ken Pierce to develop the two-year-old platform.
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The new board composition is seen as a catalyst for the future growth of the group.
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The exit follows an investigation into “workplace communications” reportedly stemming from a complaint within QBE North America.
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People moves in the ILS marketplace.
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The executive joins from Universal, where he was president of the Floridian’s American Platinum division.
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She is based in Virginia and reports to the carrier’s CFO Jeremy Noble.
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Specialty CUOs Andrew Wright and Mark Clements, and reinsurance CUO Phil Wooldridge step down as the newcomer is charged with “repositioning”.
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Kristofer Sannemalm joins the growing new platform helmed by Lixin Zeng and Richard Lowther.
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The former co-head of the bank's insurance structured finance business stood down earlier this summer as Jay Green joined to lead the unit.
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The new arrival will be an executive committee member and report directly to president and CEO Peter Hearn.
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Jagoda was one of the founding staff at Elementum.
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Retro specialist Richard Wheeler will head the unit, which will focus on sourcing third-party capacity.
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The broker has recruited a significant team to build out in the retro space.
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The change is an early sign that MMC’s raids on Willis are bearing fruit.
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The executive joins after 15 years at the Fairfax-owned carrier.
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The reshuffle at AIG is a new step towards the group president and COO succeeding Duperreault as CEO.
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The specialist ILS manager has also made a number of senior appointments.
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The former Aon Global and RFIB chair is the latest big name at the InsurTech.
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He replaces Oliver Horbelt who becomes CFO of Munich Re of America.
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The departures follow a review of the Credit Suisse-backed firm’s underwriting strategy which will see it focus on bigger lines across a smaller client set.
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Among other roles, the industry veteran will advise agriculture insurance start-up Agritask.
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Reinsurance chairman will take on the CEO role until a successor is announced
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Former Axa XL property treaty head Catherine Turner will co-lead the unit with Richard Evans.
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The departure comes after a 21% contraction in GWP at the unit in H1.
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Lara Mowery and John Crichton will also join the committee as global head of distribution and chief information officer, respectively
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People moves in the ILS marketplace.
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Possible Covid-19 losses may be slowing capital inflows to the ILS sector, CFO John Dacey has said.
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The CEO also casts doubt on the future of event cancellation cover.
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The former Chubb Tempest Re chief takes over following the collapse of the sale of the business to Covea.
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Ex-Novae deputy CUO to become active underwriter at Syndicate 2358.
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The executive’s interim role as head of the ART unit becomes permanent.
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Insider promoted after 10 years’ service.
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The new follow-only syndicate has worked with Google Cloud to develop a digital offering.
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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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José Manuel González becomes CEO of Howden Broking Group, with Rugge-Price named chair.
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The executive director of treaty could depart in October, sources suggested.
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The former RenRe third-party capital chief joins the Bermudian ILS firm.
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RenaissanceRe CEO Kevin O'Donnell will take on responsibility for the firm's Ventures business on an interim basis.
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The leadership shake-up comes after Gallagher completed its purchase of the company in January.
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She will leave Schroders at the end of the month after spending more than seven years at the company.
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The moves follow last month’s announcement that R Daniel Peed would become CEO following John Forney’s departure.
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Joe Jackson becomes the latest in a line of retro or reinsurance brokers to transfer to the smaller intermediary.
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Partnerships with the reinsurer and wholesale broker will grant the start-up access to insurance and reinsurance business.
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Robson will assume additional responsibilities as Suncorp changes the unit that handles reinsurance.
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His departure marks the fifth senior retro broker to leave Aon in recent weeks.
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Staff will receive an additional 5 percent of the withheld amount on top of the salary they agreed to forgo.
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People moves in the ILS marketplace.
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The former Argo executive will become the ILS manager's first London team member.
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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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Denbigh is the fifth senior Aon retro broker to leave the firm in recent weeks.
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Interim leader Larry Swets was CEO of auto insurer Kingsway.
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Scott Mackie reports to property treaty SVP Richard Mairano.
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She has over 20 years of (re)insurance experience and will start her new role at Willis Re in mid-July.
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The reinsurer will disband its life capital unit, making digital platform iptiQ standalone, as the unit's chief moves to the CUO role.
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The firm's Bermuda head of Global ReSpecialty had worked at Aon since 2006.
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Henry Kingham and Daina Casling have joined the partnership of the Elliott-backed Bermudian ILS manager.
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Current spreads should persist in the short-to-mid term but are not a new normal, the Fermat Capital leader argued.
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The incoming chairman said he did not want to get "distracted" by expanding into a broader reinsurance or London platform right now.
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The execs are set to leave the firm after a combined 26 years at Argo and its predecessor companies.
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Jeremy Lee had been at Aon and Benfield for over 22 years.
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Theresa Froelich takes up the role following a restructure of senior leadership at the company.
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The promotion was expected after Lixin Zeng resigned late last year.
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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 new active underwriter is appointed following the takeover of Barbican.
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Bobby Kwan will help manage the reinsurer’s property portfolio in the region.
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The London market veteran holds several advisory positions and assists the UK government.
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The broker’s capital markets business reels in the assets of Ken Pierce’s advisory firm.
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Aon's Julie Page, Marsh's Chris Lay, former Home Secretary Amber Rudd, and ABI chair and Allianz UK chief Jon Dye join the initiative.
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Philippe Meyenhofer is named CEO of specialty at the Bermuda reinsurer.
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People moves in the ILS marketplace.
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The division’s current North America CUO David Perez will take on the global risk solutions CUO title as James Slaughter steps down.
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The former Everest Re CEO will join the firm after a major US hiring spree.
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The statements come after an outline agreement, signed by Covea 10 weeks ago, collapsed this week.
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The Zurich-based firm has focused on the cat bond space since launching almost two decades ago.
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The CEO stressed that ILS’ non-correlated nature makes it an attractive asset class in periods of financial instability.
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The carrier’s P&C division could miss its 2020 operating profit target by 20 percent, CFO Giulio Terzariol said today.
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Major cat reinsurance losses are unlikely without over-reaching judicial action, the HSCM Bermuda leader argued.
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Aon group CEO Greg Case said the new mindset would apply to other challenges including climate change and cyber.
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Plummeting global markets have reduced the value of the carrier’s investments, results show.
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Christoph Jurecka said he was "not sure if I buy in" to high-end loss estimates that Covid-19 will be the biggest catastrophe loss ever.
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The insurer said it was two thirds of the way to attaching a UK reinsurance treaty.
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Some insurers in the panhandle may not be able to handle reinsurance rate increases in the 1 June renewal, according to Bruce Lucas.
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Based in London, Ben Stone will advise clients on longevity swaps as well as other strategies.
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Sharry Tibbitt has previous worked as senior VP of property and specialty, and VP of treaty underwriting at the company.
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Plenum’s CEO said the hire of Grieger and a SocGen credit research leader will “unleash significant potential” by adding insurance bond capabilities.
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Warren Buffett said the company faces a more limited impact from the virus than some other insurers.
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Former Securis executive Lawrence Po-Ba will focus on sourcing capital solutions for Lloyd’s syndicates.
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Mallon and Foxall will join a 120-person international reinsurance team later this year.
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The carrier’s CFO said Florida pricing “could return to more rational levels” after years of underpricing.
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Uncertainty created by Covid-19 is driving demand, as insurers move to protect capital, Jean-Paul Conoscente said this week.
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Physical damage requirements should protect the carrier, it argued.
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BI may seep into some reinsurance and retrocession covers but insurers will take the biggest hit, said the head of ILS at Schroders.
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Former Everest Insurance CEO Jonathan Zaffino will lead the carrier’s US and Bermuda operations.
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Jonathan Zaffino had worked at the company since 2015, and served as an MD at Marsh earlier in his career
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Bill Brown was chairman of Walsham Brothers and passed away after a long fight with dementia.
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Tim Shelley, former head of risk, capital and portfolio development at Ariel Re, joins the company as a partner.
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The top ILS manager expects assets under management to decline by 7% in H1.
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Stefan Lippe steered the reinsurer through a transformation in the wake of the global financial crisis.
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Countless other insurance executives have made similar remarks as they face the prospect of legislators pushing through such bills.
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Willis Re president Andrew Newman said capital will continue to flow into insurance if adequate returns are on offer.
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Jardine currently serves on the advisory board of parametric risk-transfer trading platform Akinova.
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Evan Greenberg compared pandemic exposure to terrorism risk before 9/11.
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The Starr CEO has hit back at moves to retroactively force insurers to accept coronavirus-related BI claims.
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The insurer's Q1 net profit fell 25 percent to $600mn as cat losses were almost double those of Q1 2019.
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Charles Cooper remains chief executive of Axa XL’s global reinsurance operations while Nancy Bewlay has been appointed the new CUO.
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Dan Larkin previously worked at Allianz as midcorp program director, Northeast zone.
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Founding partner of Twelve Capital Sandro Kriesch said he does not expect many ILS funds to “be on the hook” for Covid BI losses.
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Greenberg defended the insurance sector and said it would be “unconstitutional” to retroactively rewrite contracts.
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Chubb CEO says forced payouts would bankrupt insurers, while Allianz chief expects prolonged economic recovery.
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Evan Greenberg is the only (re)insurance industry representative on the list of 200 executives who will advise on ending lockdowns.
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Willis Re’s managing director of UK reinsurance will have a similar role at Guy Carpenter, it is understood.
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People moves in the ILS marketplace.
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The former M&G adviser will practice corporate, commercial and regulatory insurance law.
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Richard Pryce will be succeeded by Jason Harris, who has spent over three years at Axa XL.
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Kreuzer previously served as Axis Re head of casualty for North America and London.
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Garamoni has left Chicago to join property cat-focused Orchid Insurance in Florida.
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Jay Green starts in the role on 1 June, leaving GC Securities’ ILS team where he worked as a managing director.
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The finance company is led by ex-Leadenhall deputy CIO Dan Knipe.
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The reinsurer is moving to expand its North American business.
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Steve Bitar worked at Citizens Property Insurance for over 16 years, most recently serving as chief of underwriting and agency services.
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The former director has left Sodium Partners for personal reasons but will remain director of Guernsey-based subsidiary Solidum Re.
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The consultancy with more than A$410bn in AuM said Joseph Clark's insurance background would benefit clients.
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Aon's estimate shows that bulk sums offered rose from the $250mn previously reported.
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Aon president Eric Andersen and Willis Towers Watson human capital and benefits chief Julie Gebauer will lead the integration if the deal completes.
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Gero Michel has five years of international cat underwriting experience and most recently spent six months at Aon.
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Credit Suisse has been reshaping its ILS team after transferring reinsurance underwriting to its Bermuda-based platform Bernina Re.
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After 13 years at Axis, Kiernan has completed gardening leave and taken up a new role.
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Coronavirus cases could reach between 800,000 and 2.9 million by the start of April.
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Brian O’Neill most recently served as a managing director at Guy Carpenter and head of the Tampa office.
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Chang helps manage the fund’s ILS portfolio, reporting to ILS director Philippe Trahan.
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The promotion comes as the reinsurer’s new CEO Juan Andrade shapes his senior team.
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Cat losses almost halved last year compared with 2018, which the carrier said was evidence of its ongoing reduction of cat risk exposure.
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Michael Steel will be based in the RMS London office and report directly to CEO Karen White.
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But the merger will still create opportunities for rival brokers to claim market share.
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The senior underwriter had worked at the firm since 2015.
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The gap “poses a significant threat to livelihoods and global prosperity”, Axa’s non-executive chairman Denis Duverne said.
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Marsh president and CEO John Doyle described Hanuschak as “important” to Marsh’s growth strategy.
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Having a $20bn-revenue organisation would create the ability to invest more heavily in new solutions, including tech.
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Kaniewski spent over two years as FEMA’s second in command.
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Howard left JLT in 2019 following Marsh & McLennan’s takeover.
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But ILS market exposure to contingency covers is limited, CUO von Herberstein said.
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The reinsurer joins a large panel of providers for the Dutch firm as it has been growing its third-party assets.
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The move would put a non-insurance figure in charge of the world’s largest reinsurance company.
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The executive had been involved in capital raising for clients such as Fidelis and Lancashire.
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Fidelis’ UK CUO said they believe Davern “is the right person to lead” their continued growth.
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Lloyd's outgoing performance management director Jon Hancock will take up the role in spring.
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Michael Butt said the company is in “good hands”.
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More and more cyber insurers are seeking alternative capital financing.
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Jonathan Parry, current CEO of QBE's reinsurance group, will retire in a year's time.
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Four regional cross-business CEO positions will be created.
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Bill Cooper moves from a consultant role to leader of the broker’s investment banking business.
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Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
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It is understood that CFO John Parry, who joined the firm last year after holding the same role at Lloyd’s, will become interim CEO.
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The group CUO stressed that returns shouldn’t be judged on a one-year period.
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Benjamin Jacquet has worked at the company for just over three years
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Greg Hendrick has been replaced by Chubb’s Scott Gunter.
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Interim CEO Kevin Rehnberg was confirmed as CEO following Mark Watson’s resignation in November last year.
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Youssef Sfaif has worked at the Dutch pension fund since 2017 and was most recently an associate director.
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Using Kroll to rate Prospero Re allowed the firm to add customised ILS features to the rated structure, by having its fund investors own the platform.
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The carrier "dusted off" its Purple pillared product and said renewing its cat bonds at lower attachment points helped shape its risk appetite.
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Dominic Christian takes over from former MS Amlin CEO Simon Beale.
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Co-CEO Richie Whitt also highlighted an expectation that Nephila will seek to raise capital and return to growth.
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There is room to scale up existing risk transfer pilots, said Dfid’s Nick Dyer at Aon's Collaborating to Close the Protection Gap conference.
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The former Aon retro broker was previously CEO of the UK arm at Fidelis.
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Bernard Van der Stichele will head the pension fund’s new ILS portfolio.
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The reinsurer created global underwriting leadership roles for Paul Bonny and Ken Brandt, and named Lisa Moser as global property lead.
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Lloyd’s could publish anonymised indices from syndicate data, Hyperion X’s head of analytics David Flandro said.
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He will work on growing the firm’s reinsurance partnerships and quota-share relationships.
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The executive will join as senior vice president and Atlanta branch manager, moving from StarStone, where he had been involved in ILS initiatives and US E&S property.
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Brad Sforza will join the carrier from a role at PartnerRe.
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People moves in the ILS marketplace
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The company’s Francis Bouchard said climate change was “one of the most dangerous and most complex risks we face”.
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Carey Olsen has appointed Michael Frith as senior counsel, managing director.
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The departure will be perceived as a loss to Lloyd’s as it enters a critical period of execution for its transformation work in 2020.
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Simon Buxton left the Allianz-owned specialty insurer last year.
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Ali will take charge of Hamilton’s future cat bond placements, having been involved in the recent renewal of its sidecar Turing Re.
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Deputy CIO Dan Knipe is setting up a new credit platform.
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Axa XL has reorganised its reinsurance division with the promotion of four executives.
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Reinsurance broker BMS has expanded its US reinsurance analytics team with three new appointments.
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The new title is seen as an indication he will ultimately succeed CEO Brian Duperreault.
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The start-up broker said in an update that it is on track to hit $250mn of premium flow next year.
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Sybella Research founder Alex Orloff will join the broker’s investment banking division effective immediately.
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People moves in the ILS market December 2019.
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The insurer also said that the Hagibis claims count was lower than anticipated at this stage.
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The promotion was part of a broader management reshuffle in its US reinsurance operation.
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Arthur Jones succeeds Alastair Barbour who in February indicated his intention to retire from the board towards the end of this year.
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Ross will start immediately at the Bermuda-based Credit Suisse affiliate.
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Turner will be leading the £30bn Railpen pension scheme’s ILS allocation, which is managed by Credit Suisse ILS.
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A busier cat bond market is expected while a loss of investor confidence is squeezing the collateralised and sidecar markets, said managing director of GC Securities Des Potter.