Reinsurers
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Kate Roy has served as COO for Great Britain and Willis Ltd since 2015 and been involved on the PPL board since the platform’s inception.
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The reinsurer said it was adding "a new generation of expertise" to its energy team.
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Analysis of financial data shows that the last decade has seen a marked increase in the proportion of premiums ceded by carriers in all sectors.
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The lower-than-expected losses so far from Ida do not stack up against what is thought to be a $30bn+ cat event.
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Plus the winners of the Insider Honours and all the top news from the week.
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The inability to strike a deal sends both buyer and seller back to square one.
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The operation will be led by José Leão, CEO of BMS Re in Brazil, and Judi Newsam, president.
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Discussions with industry and in-country partners have so far foregrounded parametric solutions.
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GWP rose by 17% to $177bn for Aon’s peer group of reinsurers, while their average combined ratio stood at 94.0% – down from 104.4% for the prior-year period.
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The well-known underwriter has held similar positions at Sompo International and Partner Re.
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The ratings agency said that cat models were not taking into account the full impact of climate change.
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The cat modeller’s estimate follows a $950mn projection from Karen Clark and Company.
