Guy Carpenter
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A US landfall is not expected, but the storm could hit the Bahamas by Friday. -
Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The carrier recently expanded its reinsurance product suite in Bermuda.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The move comes as the broker rebuilds its Bermuda team.
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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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The assistant treasurer is also due to review the Australian cyclone pool.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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The pair were offered contracts by Willis Re in July.
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Earnings covers do not need to equal aggregate reinsurance deals, the broker said.
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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The broker is in hiring mode in specialty after numerous brokers departed for Willis Re.
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The reinsurance veteran joined Aon nearly 20 years ago from Cooper Gay.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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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.
