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JLT CEO Dominic Burke said acquirer MMC valued the entrepreneurial culture at the firm.
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The 2017 hurricanes have deteriorated less steeply than events in previous years, JLT Re said.
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Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.
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Former Guy Carpenter executive Peter Stubbings will take over as of head of ReSpecialty in 2019 as Bob Bisset moves to the role of UK growth leader.
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Tremor’s auction technology matches capacity to bidders to achieve the lowest overall rate.
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Bob Petrilli will join the firm after leading the North American unit at Swiss Re Corporate Solutions.
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Wholesale broker Ryan Specialty Group (RSG) has set up a new reinsurance managing general underwriter (MGU) and a new property catastrophe facility
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The team is part of Aon's reinsurance solutions unit.
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In its 1st View report the broker said the impetus for risk-adjusted rate increases had stalled at the June and July renewals. -
The executive previously worked for Deutsche Bank's asset management division but left when the bank closed down its $100mn ILS fund last year.
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The deal provides an unnamed cedant with one-year cover for a Floridian book of business.
