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The latest defection continues the stream of talent exiting the broker for Guy Carpenter ahead of Willis’ merger with Aon. -
It is expected that changing reinsurer appetites could fuel further rate momentum in the primary market.
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The total return player trades at only around 40 percent of book value when marked-to-market.
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Activist investor Voce had previously criticised the performance of the firm's international businesses.
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If none of the major post-Covid start-ups sets up at Lloyd’s, it will have lost ground to Bermuda.
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The executive crosses over after spending his entire 30-year career at Willis as dislocation from the broker's takeover deal with Aon begins in earnest.
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The market hones its US focus on reinsurance and surplus lines.
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The settlement prevents insurers from pegging claims developed over years of exposure to a reinsurance policy year of their choosing.
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US cat events in June resulted in some 250,000 insurance claims being filed and four deaths.
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Non-life lines have fared better than life products and premium volumes may fully recover in 2021.
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The leadership shake-up comes after Gallagher completed its purchase of the company in January.
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(Re)Connect is a chance to reimagine the old Monte Carlo format in a digital way.
