Operations/tech
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In five years’ time, the risk solutions unit will account for 30% of Munich Re’s P&C reinsurance portfolio.
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The companies said they will pursue a “controlled exit” as the affiliated ILS manager continues to draw back following a reduction in assets.
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The broker will operate as Acrisure Re and Acrisure London Wholesale.
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RSA’s Scandinavia finance chief will replace Mark Allan, who is moving to run new syndicate Ki.
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The underwriter will be responsible for managing the portfolio as part of the specialty unit’s growth plans.
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The carrier has moved Patrick Thiels to run its expanded Mediterranean and Africa unit.
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The InsurTech is one of several carriers hoping to attract older customers.
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The US carrier has offloaded a tranche of liability business written out of London.
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Ex-Ariel CFO Angus Ayliffe becomes the latest member to join the team, which Jeff Clements will lead.
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Other listed insurers lose ground in London trading.
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The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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The executive will work as a business development manager, raising awareness of the need for coverage.
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