Construction/engineering

Plus the latest impact of cat activity on reinsurer results and all the top news from the week.

The market has seen four years of significant compound rate rises triggered by heavy loss experience and contracting capacity.

Richard Alford-Smith follows in the footsteps of James Cook and Lewis Coward who also joined Lockton’s construction team from Marsh earlier this year.

Paul Smith's appointment follows the retirement of Gerald McDowell after nearly 16 years at AIG.

Paul Snashall is moving to Senior Wright as liability and construction placing broker, while Stuart Daffin will join City Underwriters as senior construction underwriter.

The team will be led by global head of construction Naresh Dade and Andrew Harrison-Sleap, deputy global of construction.

David Lyle’s resignation goes against the grain of Lockton’s construction-team recruitment in recent months.

The new recruit will be head of power at the UK global broking centre.

Gerald McDowell will step down from his role after nearly 16 years with the business.

James Cook and Lewis Coward are set to join the broker later this year.

MGA Ensurance has hired industry veteran Adrian Burgess as a senior underwriter for construction and engineering.

Axa will be the MGA’s main capacity provider from February for construction and engineering products.