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The underwriter will work on developing the Bermuda platform and strengthening the global property proposition. -
Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.
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The InsurTech has moved its pricing for the instrument to the top of its initial range.
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Cat bond pricing has fallen by about 12% since year-end but margins are still strong enough that the market could be set for meaningful growth, the broker forecast.
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The company believes the program management and legacy businesses would work better as standalone operations.
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The role will involve managing alternative capital strategies for the specialist lines insurer.
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The £50mn syndicate made most of its profits in aviation.
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The real test for cat capacity will come at the mid-year point, according to Gallagher Re.
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Sang Hun Park previously spent nine years at Allianz before joining Munich Re as a senior origination manager in August 2021.
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The recommendations await approval from the Florida Office of Insurance Regulation.
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The impact of the cyclone, which battered New Zealand in February 2023, was worsened by previous bad weather on the North Island.
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The reinsurance and ILS leader joined the firm in 2012 during a “rollercoaster” year for industry loss warranties.
