BMS
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Tougher positioning by reinsurers at the 1.1 renewal accelerated the practice of placing business at differentiated terms, Irvan said.
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Jeremy Lee had been at Aon and Benfield for over 22 years.
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The former Everest Re CEO will join the firm after a major US hiring spree.
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The executive will join as senior vice president and Atlanta branch manager, moving from StarStone, where he had been involved in ILS initiatives and US E&S property.
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Sybella Research founder Alex Orloff will join the broker’s investment banking division effective immediately.
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The promotion was part of a broader management reshuffle in its US reinsurance operation.
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The executive will be taking up the position of chief property officer for US reinsurance.
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This comes as Lockton has also been on a recruitment drive to boost its reinsurance division. -
The deal valued BMS at £500mn and is expected to close in the third quarter.
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Chris Demuth was previously a vice president at JLT Capital Markets.
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