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QBE Re said it was investing in the business with the creation of three new roles. -
This year’s program – sealed with a panel of 78 reinsurers – includes $875mn of multi-year ILS capacity providing diversifying collateralized reinsurance capital.
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Based in Miami, the executive joins BUA as partner, working alongside managing director and CUO Juan Calvache.
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Plus all the latest executive moves and the top news of the week.
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He joins the division during a period of growth, with GWP surpassing $1bn for the first time in 2022.
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Industry veteran Paul Bonny will continue to offer advice to the company through his ongoing role as non-executive director.
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The underwriter will work on developing the Bermuda platform and strengthening the global property proposition.
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The move follows predecessor Massimo Reina’s defection along with 25+ colleagues to expansive rival Howden Tiger.
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Global reinsurance capital fell by 12% in 2022 to $638bn, Gallagher Re estimated.
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Based in London, the executive will report directly to the company's incoming CEO Guillermo Eslava, who will take over the position in Q2.
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Reinsurers are also increasing their attention on per-risk contracts protecting Japanese interests abroad.
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The appointment of Chris Jones comes amid wider staff movement among Ardonagh’s intermediary firms, as the group consolidates its array of brands.
