Guy Carpenter
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In the US, the index fell 6.7% year on year.
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The LA wildfires accounted for 59% of loss activity over Q1.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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Miller recently strengthened its reinsurance proposition with the acquisition of AHJ.
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The Bermuda-based team is led by John Fletcher.
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The executive will take the global role alongside his existing US responsibilities.
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The headcount at the start-up now stands at around 40.
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The facility provides follow capacity to US and international placements.
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The market is also facing potential losses from injuries to NFL stars.
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His leadership roles included overseeing the firm’s capital solutions group.
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Competition for specialty reinsurance talent remains high.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.