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Marsh’s Brockmann takes additional role as Marsh McLennan LatAm CEO

Based in Mexico City, Brockmann will report to Marsh McLennan International CEO Flavio Piccolomini, who took over that role earlier this month.

Jairo Ibarra, 09 February 2023
Tributes pour in for Axis chairman Michael Butt

Axis CEO Albert Benchimol has led posthumous tributes to industry veteran Michael Butt.

Abbie Day, 09 February 2023
UnipolRe placed into run-off by parent

The Italian group previously halted writing catastrophe excess-of-loss business.

Rachel Dalton, 09 February 2023
Client retention and attraction improving post Aon fallout: WTW’s Hess

The executive said the broker stopped receiving client proposals whilst it was set to be taken over.

Samuel Casey, 09 February 2023
Zurich ‘tactically’ increased participation on Farmers quota share: Greco

Executives noted that changes capping cat exposure via the treaty made it a less capital-intensive transaction for Zurich than in the past.

Aisling Finn, 09 February 2023
Everest Re NA property cat XoL risk-adjusted rate up 50% YoY: CEO Andrade

The cat XoL rate increase in Europe was over 40%, while the average attachment point of the global property cat business increased “meaningfully,” he added.

Kyoung-son Song, 09 February 2023
Turkish quake losses likely to be ‘insignificant’ for reinsurers: Fitch

The ratings agency noted that, while most of the insured losses stemming from the earthquake will be covered by reinsurance, the amount ceded will be much lower than the estimated economic losses.

Ayesha Venkataraman, 09 February 2023
Fidelis balance sheet business preparing for H1 IPO in New York

The insurance group is being advised by JP Morgan and Barclays Capital.

Adam McNestrie, 09 February 2023
Zurich drops global agg treaty and adds US quake swap of $200mn for 2023

The carrier has upped its global all-perils cat coverage to $1.2bn since January last year.

Liz Bury, 09 February 2023
SiriusPoint’s Mitchell to join Xceedance’s board of directors

She will be responsible for providing strategic guidance for the organisation.

Abbie Day, 09 February 2023

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