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The long-serving executive turned around the fortunes of the French reinsurer in a two-decade stint as leader.

Previously, Shaw was lead underwriter at MS Reinsurance and lead underwriter at MS Amlin’s Bermuda office.

Analysts claimed the relative lack of transparency will allow carriers to earn higher margins for longer.

Chief of markets Patrick Tiernan said there has been "minimal improvement" in rate adequacy across political violence, terrorism and strikes, riots and civil commotion business.

Plus the latest executive moves and all the top news of the week.

The former reinsurance CEO will join Sompo International’s board of directors.

The decaying oil tanker FSO Safer is holding over a million barrels of oil and is at risk of explosion.

A report by the ratings agency shows cyber insurance pricing has risen by 11% in Q1.

Lloyd's chief of markets Patrick Tiernan set out some of the reasons why Lloyd's controversial approach to cyber war segregations could have had a "softer landing".

The carrier said a post-Covid rebound in travel was creating opportunities in the A&H sector.

A total of 92 organisations responded to the consultation, representing 73% of the risks placed in the London market.

The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.