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Syndicate 609 will cede net loss reserves of approximately $196mn. -
The reshuffle follows the departure of board chair Tsuyoshi Nagano.
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Charlton joins specialist construction MGA from Consort Technical Underwriting Managers.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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Daniel Moruzzi joins from Ascot and Matthew Cope joins from Aon.
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The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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The broker said the market had entered a ‘new normal’ after $2bn+ losses
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The pair have joined from Ryan Specialty Group’s Castel.
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Head of portfolio solutions Richard Palengat will lead the division.
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Outgoing chief Søren Scheuer will become a non-executive director.
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It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
