Kate Vacher has taken on the role of CEO for the reinsurance broker’s Bermuda entity and will report to Angus Milgate, head of international treaty reinsurance.
This is followed by the severe convective storms in Europe in June which to date have generated losses of $5.1bn, and the Fukushima earthquake in Japan currently at $2.5bn of losses.
The update adds further restrictions for coal reliant businesses and offers exemptions for companies which show initiative in helping to fight climate change.
Paul Snashall is moving to Senior Wright as liability and construction placing broker, while Stuart Daffin will join City Underwriters as senior construction underwriter.
