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The executive has also worked for AIG and Ace.
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Certain new and old themes will re-emerge this year as the balance of power shifts.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Supply generally exceeded demand and trading relationships were ‘strong’, CEO Tom Wakefield said.
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The programme was developed in collaboration with Allianz Commercial.
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This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.
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A recent drive for additional brokerage underscores the shift towards a softer market.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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The storms struck Victoria, New South Wales and Queensland.
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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.