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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer. -
The appointments are aimed at offering a clearer team structure.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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Sam Geddes will join Syndicate 1918 next year in an executive leadership role.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The two lines will add £11mn in planned premium.
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The protection covers the US insurance book for the 2024 and prior accident years.
