Reinsurance
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Nick Durant helped launched Lockton Re North America in 2019.
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Jen Tan was most recently head of portfolio strategy.
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The CEO said the industry’s penetration outside its traditional heartlands remains “woeful”.
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What is the strategic thinking behind The Fidelis Partnership’s unique business model?
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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It is understood the marine reinsurance programme renewed largely flat.
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The recruit is expected to take on a role at the WTW/Bain Capital start-up after sitting out a year of gardening leave.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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Reinsurers are pushing for cat signings and hoping the new pricing floor will hold.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The carrier acquired the motor insurer in September last year.