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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.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Rachel Webber was most recently head of non-marine at TransRe.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Class actions and third-party litigation funding will drive up losses.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer plans to grow its US business at a higher rate than its non-US business.
