Allied World
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The specialty reinsurance SVP is to leave after 15 years.
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Job losses and the merging of aviation teams helped maintain upwards pressure on rates. -
Alex Smith joins the cyber and specialty lines MGA from Capital Risks.
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Market sources described a frenetic dynamic between underwriting leaders and followers in the verticalised market.
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The expansion comes after the MGA gained backing last year from Preservation Capital.
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Holding an asset because you think someone else will ultimately buy it from you at a higher price is called a “greater fool” thesis.
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The carrier had traditionally targeted primary business and was a lead market on a number of M&A insurance placements in London.
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Allied World Re shifts Walter Chaname to head treaty reinsurance division based in Miami.
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Allied World Re has promoted Yeo Meng Wong from an underwriting role to senior vice president and general manager.
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Thomas Bradley will advise the board on its financial structure after it moved its listing to the NYSE.
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The move follows Brit’s acquisition of Advent’s binders and casualty teams.
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Aspen has lost more underwriters as members of its Bermuda FinPro team jump ship.
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