Marsh McLennan
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The report predicts broker M&A will continue at pace.
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JLT Re’s North American deputy CEO was absent from reshuffle details.
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Job losses and the merging of aviation teams helped maintain upwards pressure on rates. -
Arrowsmith was most recently executive chairman of JLT Insurance Management in Bermuda.
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The Insider 50 closed at 1,023.07 points on Friday, rising 1.4 percent in the first full trading week of 2019.
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The move follows the carrier’s decision to streamline Mapfre Global Risks.
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The broking giant sells six tranches of debt with maturities of up to 30 years.
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An increase in activity at the oil and gas fields helped maintain the industry’s premium pot.
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The reinsurer has absorbed almost $500mn of losses from its sister company in less than two years.
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The Willis Re executive said 2019 could be a challenging year for some ILS managers, as some products have performed poorly.
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Expectations of rate rises and outsized catastrophe losses resulted in a subdued annual performance for the composite index.
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Carriers are seeking rate rises of 10-20 percent in 2019, the broker said.
