Retrocession
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Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
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In so many ways, Covid-19 has scope to manifest as an asymmetric loss, and inadvertently having to run the property loss net may be yet another.
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Willis Re's head of international says retro buyers are finding alternative levers to manage their capital as the market hardens. -
This comes after Everest Re previously let a mid-year renewal lapse, with ILS capacity scarce.
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Bisset has worked at Aon and legacy entities for more than 20 years.
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The spectre of wholesale trapping of capital ahead of 1 January is further dislocating the market.
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The platform said a narrowing spread between buy and sell offers on ILWs suggests more trades will clear.
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At last reinsurance pricing seems to be succumbing to hardening forces within the US market.
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Reinsurers lift price expectations while cedants come to market ready to make concessions.
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Property reinsurers seem to be preparing to draw the battle lines on Covid-19 claims around T&Cs.
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The purchase follows the 2019 launch of the Lion Rock Re sidecar.
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Active underwriter says pricing, retro conditions and casualty crisis will play out in MAP 2791’s favour.
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