AIG
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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Gerald McDowell will step down from his role after nearly 16 years with the business.
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The Talbot-managed syndicate reports a natural catastrophe-driven combined ratio of 118.2% in its first year.
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Gallagher is the broker for Indonesian state oil firm Pertamina, with AIG and Axa XL understood to participate.
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Nagamine joins from troubled reinsurer IRB Re Brasil, where his remit covered reinsurance to the oil and gas industry and the international market.
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The Lloyd’s broker plans to establish additional regional offices.
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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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The New South Wales inundation is the first major flood event in the state in a decade, prompting reinsurance fears.
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Regional per occurrence deals were also down compared to last year, but Validus lifted its retro cover by $75mn.
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The new arrival will also be financial lines manager for Denmark and Norway.
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The company also lowered the attachment points on its per-occurrence and aggregate property catastrophe treaties after shrinking its portfolio.
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The Australian carrier has also modestly increased its reserves for Covid-19 BI claims.
