Marsh McLennan

The executive moves from Willis Towers Watson.

The hire follows a tie-up between the broker and InsurTech.

The Cayman Islands Monetary Authority has granted new reinsurer Topsail Re an operating licence.

Artificial intelligence may drive many of the (re)insurance industry’s functions in years to come, but hiring top talent alongside it will be key to the sector’s future success.

The head of Willis Great Britain also calls on Lloyd’s to ensure the better performing syndicates are allowed the space to expand.

The I50 advanced by 1.9 percent last week to reach 1,075.2 index points.

Regulatory uncertainty has prompted a reduction in capacity, the broker says.

The executive will take up the new role after working his notice.

The executive will replace Dan Jones next June.

The entity is the first to be authorised as a captive insurance manager by the Abu Dhabi regulator.

The expansion comes after the MGA gained backing last year from Preservation Capital.

Average global commercial insurance pricing nudged up by about 1 percent in the third quarter, according to Marsh.