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Reinsurance broker RFIB said it plans to expand its MGA and captive management business amid a rebrand of its holding company.
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Richard Carver is to join Guy Carpenter as managing director and senior broker in its UK non-marine division.
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John English will take over as CEO of the broker’s captive management operation, replacing Peter Mullen.
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Aon Benfield and Aon Risk Solutions are to become simply ‘Aon’ as the firm integrates its different parts. -
The ILS unit now reports to Willis Re deputy chairman Mark Hvidsten.
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Guy Carpenter has promoted John Fletcher, the head of its retrocessional practice in Bermuda, to take over as chairman of the office.
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Peter Stubbings has resigned from his role as Guy Carpenter Bermuda CEO and is set to join the retro team at Aon Benfield, sister publication The Insurance Insider reported.
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Aon Benfield's estimate of insured losses from hurricanes Harvey, Irma and Maria (HIM) has come in at $80bn, below the $92bn-$93bn forecasts from Munich Re and Swiss Re released several weeks ago
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JLT Re has hired Aon's former Asia Pacific chief operating officer Jeremy Fox as its new CEO in the region, the company announced today.
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A smooth reloading of ILS capital and a glut of capacity contributed to catastrophe reinsurance rates rising by less than reinsurers had pushed for following last year's losses, brokers said in early post-renewals reports
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Nephila Capital's equity investment in new managing general agency (MGA) Volante Global will not see its ILS funds taking on any underwriting risk sourced by the start-up, but the catastrophe specialist has not ruled this out in the future
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Cat bond volumes reached $11.1bn in 2017, according to Trading Risk records, as new sponsors Validus Re and Covea wrapped up fourth quarter deals in a record year for issuance
