Lockton
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The broker is yet to participate in a cyber cat bond.
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ILS capital so far is viewed by sponsors as strategic rather than essential.
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The ILS market’s exposure could grow to $1.5bn by the time a major cyber cat event occurs.
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Roche joins from GC Securities, where he was senior vice president.
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The Florida Building Code was introduced following the impacts of Hurricane Andrew.
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The carrier describes reinsurers’ current strategy of dealing with cyber policies as "a game of whack-a-mole"
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Chris Parish was previously portfolio management and funds team leader at Nephila Capital.
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Structures have been developed that would avoid “excessive capital trapping”.
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The broker said it would help clients to think creatively and act quickly in accessing capital.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.
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Kathy McCann is set to join from Guy Carpenter, while Zach Breslin will move over from Aon Securities.