The long-rumoured appointment will see the former Ironshore executives jointly lead the Bermuda start-up.
The executive’s departure coincides of the end of the three-year terms of non-executive chairman Michel Flamée and non-executive director Christian Noyer.
A New York court has ruled that the names of two clients who are friends with a broker who has left Willis Re to join rivals TigerRisk can be published.
The appointment follows the hire of MS Amlin reinsurance underwriter Dominic Peters as CUO.
The underwriter will be responsible for D&F, binders and auto business once he joins the business later this year.
12 April 2021
Proposed remedies match prior reporting from this publication over the last month.
The report also found that reinsurance capital increased by 7% to $658bn.
Rating is now bifurcated, with clean risks securing 12.5%-20% increases and more loss-impacted risks seeing 25% -40% hikes.
The loss is steering more towards a personal lines event, with loss notifications leading to more optimism amongst reinsurers.
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