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Cedants are grappling with rising rates while coverage narrows. -
Plus this week’s executive moves and all the latest exclusives of the week.
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Progress around placements undercuts the case for an unravelling of the facilities that dominate the market.
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James Floyd joins from Gallagher, where he was a director on its crisis management team.
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James Bannister has spent 12 years in total at Aon, with his time at the broker split in half by a two-year stint as a PV underwriter at Sompo Canopius.
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Christianna Vandoorne has been head of terrorism and PV at the syndicate since June 2020.
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Political violence reinsurance capacity will be a “precious commodity” at 1.1 but differences remain over how much restructuring of specialty composites should occur.
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Plus the full Insider Honours winners list, people moves and all the top news from the week.
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It is understood Markel is the lead insurer and Aon’s Risk Solutions is the broker on the $200mn policy.
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Josh Hearnden becomes the second recent acquisition to the Mosaic PV team of late, following the news in May that Luke Bennett was joining from WRB Underwriting.
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Plus this week’s top carrier results and need-to-know people moves.
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Colombia had a 358% increase in civil unrest in the past year, while Argentina experienced a 37% increase in riots.
