Ascot

Former head of D&F at Geo Specialty David Leathem and his colleagues first joined the Ardonagh-backed MGA in 2017 to establish its international property book.

The appointment comes after marine liability underwriter Ellie Barr resigned to join Convex.

The unwinding of the pandemic, inflation and specialty pricing are set to be some of the areas of focus for the market.

Evercore has been retained to advise the vast Canadian pension fund on its efforts to divest the specialty carrier.

The Bermuda-based executive ran a global book of business including cyber, mortgage impairment, surety, wildfire liability, terrorism, and nuclear among others.

Private equity and trade sales look challenging, which could point to an IPO if CPPIB heads for the door.

The resignation of Michael O’Connor comes amid several recent departures from Ascot.

An Ascot-led consortium will be launched at Lloyd’s, offering a variety of space cover.

Amelie Keeble-Buckle and Ellie Barr are set to join the Stephen Catlin-led carrier.

Ascot has appointed Mitch McBain as senior vice president and head of management liability in Bermuda.

The nature of the hire demonstrates the level of competition for top talent in the sector.

“When you deploy property aggregate, the return you need on that is meaningful in light of the risk that you’re assuming,” Zaffino said Thursday. “I’m not sure if a plus mid-single digit [rate increase] gets you there in light of the [loss activity] we’re looking at.”