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Rick Pagnani was most recently CEO of Everest Re’s Mt Logan vehicle. -
Looking ahead to the rest of the year and 2020, how likely is it that the industry will hold to its resolutions?
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As less ILS capital was available at 1 January, retro rates rose by up to 35 percent on loss-hit deals, the broker said in its 1st View report.
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The global property reinsurance professional will be joining the start-up broker as executive vice president.
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The corporate finance adviser has held roles at Deutsche Bank, Citigroup and Morgan Stanley.
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BGC Partners has agreed to buy Lloyd's broker Ed Broking from private equity house Lightyear Capital, adding to its previous acquisition of London market intermediary Besso.
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Coin Re will aim to reduce the cost of insurance by aggressively reducing reinsurance costs, Blanch said.
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Terms of the deal were not disclosed.
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Former Aon broker Jonathan Hughes will join the firm's retrocession team, reporting to head of retro Alex Bridges.
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Edward Torres was most recently director of capital markets at PartnerRe but left after the company reworked its ILS offering.
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Appetite for last-minute cover appears muted ahead of Hurricane Michael’s landfall in Florida.
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The company is moving away from market-facing collateralised reinsurance funds, head of alternative capital Dan Brookman told this publication.
