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The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question. -
Skilton will be chair of the team with Wheeler and Murray heading up the global re specialty unit.
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The specialty leader had worked at recent acquisition Willis Re since 1998.
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Former retro broker Erik Manning is leading the initiative having joined BMS Re in January.
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Minesh Jani will report to Bradley Maltese, CEO of international and global specialties.
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Bay Risk will become part of Gallagher Re’s Global Programmes practice group, led by Andrew Moss.
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The appointments aim to provide clients with a product-agnostic view on accessing capital in a capacity-constrained market.
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Their view that “investors have never had it so good” speaks of a market in an upbeat mood as of January.
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The outgoing McGill and Partners head of structured solutions will become CEO of Augment after fulfilling his contact at McGill.
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The broker said clients can move fast in a harder market but need time to review quotes.
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The broker is looking to solve the severe capacity crunch for its clients as rising demand meets falling supply.
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Paul Shedden joins from Sompo International, where he was head of portfolio design, pricing and analytics – global insurance.
