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The broker will operate as Acrisure Re and Acrisure London Wholesale.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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The $100mn+ Bonanza deal is the Floridian’s third foray into the cat bond market
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The busy storm season, Covid-19 uncertainty and a hardening market are driving demand.
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The cyber insurance sector is set to grow to $20bn by 2025, the broker said. -
Nearly 80% of respondents said underwriting capacity decreased in the quarter.
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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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The new hire comes after a slew of senior appointments made by the start-up in recent months.
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The exec was speaking after the broker was acquired by Cinven and GIC in a multi-hundred million deal.
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Industry veteran Payne was most recently at Credit Suisse Lloyd’s syndicate Arcus.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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BMS plans to expand into the retro sector but will avoid being drawn into bidding "frenzy".
