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Reinsurers are also determined to secure structural changes and payback from Italian, Slovenian and Turkish cedants at 1 January 2024. -
The revised status follows the recent announcement that R&Q Insurance Holdings has agreed a sale of its Accredited program.
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Current cyber brokerage leader for the US and Canada, Meredith Schnur, will succeed Reagan as cyber practice leader, US and Canada.
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The bids received did not meet the seller’s reserve price, and it is likely to remarket the unit in two to three years.
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The underwriter will retain his responsibilities as lead underwriter for credit and political risk.
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With new leadership at some of the largest continentals, there will be close attention to how their tactics in changing lines of business will evolve.
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Hema Mistry returns to the UK to run the finpro division, following a stint at the broker in San Francisco.
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R&Q expects ongoing operating losses after the sale as transitions its legacy business to a fee-based model.
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Halfway through a complex restructuring is not the time for a CEO (and CFO) change.
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Podmore joins from Swiss Re, where he held the role of lead cyber underwriter.
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R&Q CEO William Spiegel will transfer to the Accredited program management business.
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The onshore energy broker has more than 15 years’ experience in the sector.
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