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The executive joined Aon nearly four decades ago and has held a variety of senior management positions. -
Willis Re CEO James Kent is expected to take on the leadership of Gallagher Re following the completion of the acquisition.
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It was either the top or joint largest investor in each layer of the programme.
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Sven Wehmeyer, who will remain as CEO of Validus’s Zurich-domiciled reinsurance arm, replaced Steve Bardill as head of international on 1 June.
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Plus the implications of the X-Press Pearl sinking and all the top news from this week.
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The broker predicts a “very active” cyclone season over east Asia but forecasts a slightly smaller number than usual will make landfall.
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State-backed carrier GIC Re faces competition as the European Big Four press into the subcontinent.
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Last year it secured just NZ$6.2bn of protection from major nat cat events, as premium spending went up by 11%.
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The covered agreement provisions will ease the flow of US business into London.
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The SIAB has abandoned the project, with no other syndicates currently involved.
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Proposals for a secondee system using a UK branch look unwieldy.
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Reinsurers are clamouring for proportional business, while maintaining excess-of-loss rate rises at 1 January levels.
