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Magnani has served for more than 14 years in ILS broking roles. -
WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The facility will also provide a dividend to clients for the first time.
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Tyler left Gallagher Re earlier this year.
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A client presentation from the broker put total insured losses at $25bn-$40bn, leaving the Citizens and the National Flood Insurance Programs clear of reinsurance impacts.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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Richard Pennay will become CEO of Aon Securities.
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The broker replaces Goldman Sachs on the business after the bank ceased offering ILS services.
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AI’s ability to analyse vast datasets will help in matching risk to capital.
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Growth was driven by strong returns and new investors entering the market.
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The July downtime will increase relevance, demand and innovation for the market.
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The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
