AJ Gallagher
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The CEO also heralded the group’s “best full-year brokerage segment organic performance in decades”, with a figure of 9.7%.
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Louise Piper joins from Aviva, where she was international broker director, and she has previously held senior roles at Axa XL, WTW and Marsh.
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She had served as director of underwriting at Nephila since mid-2018.
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Paolo Cuomo joined last year from Brit, where he worked as director of operations, having joined the company in 2019 as head of strategy.
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The fac heavyweight spent less than 12 months with the company.
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Aviation insurers are still facing uncertainty moving into 2023, with a slew of legal cases, and large losses from the previous quarters looming above them.
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Beazley’s $45mn first-time cyber cat bond offered all-perils coverage, though some expected early deals to start with limited scope.
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As a decline in InsurTech investment continues and risk capacity providers reconsider their support, sources expect many InsurTech MGAs will have to review and potentially pivot their business models.
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The appointment comes after it emerged that Malcolm Smart is leaving the business to join Ark.
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Claims were widespread in the class of business during 2022, with almost all areas warranted claimed against.
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The executive said many reinsurers have secured the pricing and terms necessary to cover their cost of capital.
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Political violence renewals have been especially demanding, the broker said.
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