BMS

The tropical Atlantic has not seen a single named storm from July 10 to August 9 for the third time since 1955, but experts warn that this does not mean hurricane season is slowing.

The former Alterra Global Reinsurance CEO will be responsible for establishing the new hub for the reinsurance broker.

It said the current threat posed by Tropical Storm Elsa was an example of storms being more likely to hit America’s Eastern Seaboard this season.

Aylward will lead the growth of the newly structured division, which will focus on the US market.

The broking business has added to its expansion in Asia, Latin America and the US.

In 2020 the market fell to “near paralysis” in the early stages of the pandemic, before rebounding strongly.

The Lloyd’s broker plans to establish additional regional offices.

David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.

The move is part of a wider expansion in BMS’s reinsurance broking capabilities.

Tougher positioning by reinsurers at the 1.1 renewal accelerated the practice of placing business at differentiated terms, Irvan said.

David Overton will be based in Miami and report to BMS Latin America director Daniel Court.

Aidan Pope will join as executive chairman of the division in January.