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It estimated insured losses from nat cats on track to exceed $135bn in 2024. -
The movers include former line underwriter for major property D&F, James Robertson.
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The Lloyd’s (re)insurer is looking to execute a five-year plan to double GWP to $3bn.
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WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The reinsurer tends to support a number of syndicates where it has a potential relationship.
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Robert Salzmann has been with the Swiss Re insurer for a decade.
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The transaction has received all required regulatory approvals and closed.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Insurance Insider had previously reported the appointment of the two executives.
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The specialty reinsurance space has experienced a recent period of talent churn.
