Operations/tech
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Howard Burnell’s sentence also includes court and compensation costs, a restraining order against his former partner and a tagged curfew.
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The executive is currently managing director for UK commercial lines and global corporate and specialty at the carrier. -
Oaktree Capital is understood to be the institutional investor behind the "permanent capital" retro carrier.
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As well as a rebrand, the move will see BGC’s insurance assets brought together under one holding company.
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Fourth-quarter lockdown measures will push Covid-related P&C Re and CorSo losses up $400mn to $2.7bn for 2020, the analysts say.
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Hélène Stanway takes the new role of market engagement and adoption lead, with a focus on data.
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Even if we don’t see the firm gracing the LSE this year, its deliberations point to a growing likelihood of a liquidity event.
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All major entities will implement the scheme by the end of 2021.
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CEO Steve Hearn said that having a “distinctive identity” would help with deal-making opportunities.
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Deployed capacity is recovering and claims were below expectations but ending government support could negatively hit the market.
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He will take over from current CEO Rupert Swallow next month.
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Jennifer Law will join the team and report to Japan reinsurance solutions CEO Rupert Moore.
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