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This publication revealed the deal, estimated at a £450mn value, earlier today.
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The broker previously indicated it has ambitions to hit £750mn in revenues by 2028.
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President Eric Andersen said that non-malicious cyber risk was “front of mind” for clients.
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The firm said losses could fall under $300mn if more favourable assumptions were applied.
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The broker has spent the bulk of his career handling major accounts.
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The ratings agency said Munich Re demonstrated its ability to optimise its market-leading position.
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Organic growth was in line with WTW and Marsh McLennan, which both posted 6% underlying expansion.
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The carrier booked a EUR41mn impact from Brazilian flooding.
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The investment will be used to scale operations and extend its presence in key international markets.
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Giancarlo D’Alessandro joins from QBE, where he was portfolio manager for Australia and New Zealand.
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Plus the latest people moves and all the top news of the week.
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Staff movement in energy has been more active than any other class of business this year.
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