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Trading Risk October 2017

  • Property Claims Service (PCS) will include National Flood Insurance Program (NFIP) information in its insured loss estimates disclosures for the first time
  • Falling cat bond prices in the wake of hurricanes Harvey, Irma and Maria have already pushed ILS yields up by 15-25 percent, according to the Lane rate-on-line index.
  • Twelve Capital confirmed that it has hired former Barbican underwriter Aaron Coates as an executive director in its London-based sourcing team, a move first reported by Trading Risk
  • AIG has appointed Charlie Fry, the former CFO of Novae Group, as head of reinsurance buying, operations and transformation
  • Carsten Thienel has left Ed and will join JLT Re Asia Pacific, based in Singapore. Thienel has experience in multiple asset classes, including ILS and retro. He will be reporting to Stuart Beatty, CEO of Asia Pacific, as well as Bradley Maltese, deputy CEO of UK and Europe
  • RMS has hired Pete Dailey as vice president to lead flood model development in its California headquarters
  • Lloyd's has appointed Kirsten Mitchell-Wallace as head of risk aggregation to replace David Clouston when he steps down at the end of the year
  • Willis Re senior vice president Paul Knutson has been signed up by BMS Re US as an executive vice president in its Minneapolis office
  • Willis Re has hired former Third Point Re executive Tom Wafer as chairman for its North American operations alongside vice-chairman Jeffrey Livingston, a former Willis employee who rejoins the company from Marsh
  • Simon Gander, one of the most senior staff at Aon Benfield in London, will leave the reinsurance broker at the end of the year, The Insurance Insider reported
  • Risk management start-up Global Parametrics has added two members of staff to its new London office
  • Willis Re has hired Adam Schwebach from rival Guy Carpenter, where he was a senior vice president, sister title The Insurance Insider revealed