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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.
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Analysts claimed the relative lack of transparency will allow carriers to earn higher margins for longer.
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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.
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Plus the latest executive moves and all the top news of the week.
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The former reinsurance CEO will join Sompo International’s board of directors.
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The decaying oil tanker FSO Safer is holding over a million barrels of oil and is at risk of explosion.
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A report by the ratings agency shows cyber insurance pricing has risen by 11% in Q1.
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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".
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The carrier said a post-Covid rebound in travel was creating opportunities in the A&H sector.
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A total of 92 organisations responded to the consultation, representing 73% of the risks placed in the London market.
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The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.
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With the move, the Corporation effectively doubles down on its original stance on cyber war exclusions.
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The chief of markets highlighted D&O, political violence and delegated authority as some of several areas of additional focus.
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Any capital event is likely to take place following the hurricane season, Reuters reported.
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Lloyd’s CEO John Neal said the Corporation now has ‘breathing space’ to consider improving individual investors’ access to the market.
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He steps into the role vacated by Richard Harries, who will retire at the end of the month after more than 26 years at the carrier.
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The underwriter headed one of the largest hull and war books in the London market.
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The Exeter broker has expertise in placing coverage in the recycling industry, and has around £10mn GWP per year.
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The executive joins from Axa XL and will report to Continental Europe president Ralph Brand.
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Ebitda multiples for MGAs are undented by rising interest rates, report claims.
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The executive will report to president and CEO Dean Klisura.
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Costin left Piiq Risk Partners in November 2022 after nearly three years at the aviation broker.
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Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.
