Howden
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Improved cyber hygiene and strong insurer competition has driven rate reductions. -
Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.
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The new hires include ex-Liberty underwriter Mike Hart and Gallagher partner Matthew Giddings.
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The placement follows the launch of a carbon capture and storage facility in January.
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Paul Hipson will take responsibility for the existing London broking team.
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Gareth Davies joins from Price Forbes Re, where he was managing director of parametric solutions.
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The CEO said the firm’s future US operation will not be run by ‘Englishmen in raincoats’.
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The appointment will see the industry veteran coming out of retirement.
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Additional capacity for upper-layer coverage is driving rate reductions, the broker said.
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Capital is looking for opportunities to build international specialty businesses out of EC3.
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Axa XL’s product recall team was depleted after two senior underwriters resigned in January.
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A fresh investor will be needed to put meaningful cash on the table for a US retail deal.
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