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While rates have “definitely come down,” they were coming off a high base, Rachel Turk said. -
Nine-month insured losses still exceeded $100bn due to California wildfires.
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Mory Katz joined the broker earlier this year.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The executive has worked at Aon for almost two decades.
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The facility will initially focus on US, Bermudian and European business.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
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The trend for private credit in alternative asset management is “set to continue”.
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The investment bank had stopped offering ILS services last September.
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A trend towards higher-risk ILW bonds helped keep yields in double-digits despite softer rates.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
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The transaction is expected to close later this year.
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The broker has noted that double-digit reductions are increasingly available in property.
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Matthew Flynn joins from RenaissanceRe.
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Cat bond broking growth contributed to 6% organic growth in reinsurance.
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George Cantlay will also assume the additional position of president of the Bermuda business.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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Matthew Towsey has spent 14 years at Aon.
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US events accounted for more than 90% of global insured losses.
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In the US, the index fell 6.7% year on year.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The measure could have landed insurers with extra tax on US business.
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A group of Bermuda staff also left the broker.
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The awards celebration took place at the Hilton Bankside on 25 June.
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John Kulik will work within Ledger’s broking team, Ledger Investing.
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The documents figure in a potential criminal case against a CCB employee.
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The Bermuda-based team is led by John Fletcher.
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The executive has 15 years of experience in meteorology and cat analytics.
