Guy Carpenter
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re. -
Matthew Flynn joins from RenaissanceRe.
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The broker has recruited from its rival as it looks to launch Willis Re 2.0.
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Underscoring a more competitive market, the structure includes an escalating premium.
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The executive has spent 13 years in the broker’s marine division.
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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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