Operations/tech
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The Asta-managed syndicate is understood to have failed to attract sufficient capital and is still searching for backing. -
The executive joins after a decade at PartnerRe and will have a dual focus at the broker.
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Competition has ramped up over the last two years and now represents a threat to returns.
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The Ardonagh-owned broker has drawn from Ed, Marsh and KM Dastur.
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The buyer will use the acquisition to expand Arena beyond Belgium and into other European markets.
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Our highest priority remains protecting the health, safety and wellbeing of our colleagues, said CEO Case.
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The CEO said pricing was going up by 10%-30% and that terms were being tightened globally.
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He joins fellow Marsh alumni Naresh Dade and former McGill exec Andrew Harrison-Sleap.
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The firm’s mean pay differential also shrank 10 points to 29.6%.
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Insurers are taking a “cautious approach”, especially with new risks, but overall capacity is at an all-time high.
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The pandemic has reinforced gender stereotypes and virtual working has created barriers to sharing issues.
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Shaw was the first ever D&I chief for an NBA team and earlier worked at the NFL.
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