Talent

The newcomer has also spent more than eight years at Guy Carpenter.

The broker will lead London teams focusing on Europe, as well as the new European Broking Solutions team.

Underwriting profits in future must be able to counteract reduced investment income due to ultra-low interest rates, the CFO said.

Around 15 producing brokers are on the move, with a number from the non-marine specialties team.

The new recruit, a former senior Liberty Mutual executive, put his insurance start-up plans on ice last November.

Senior executives Michael Owen and Hussain Ahmad will jointly lead the new venture.

QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.

Iain Reynolds and Andy Souter will replace Kershaw as co-heads of P&C.

The Italian carrier’s general manager returns to Axa after five years.

John Klaus has been named global head of reinsurance placement, after the earlier announcement that Elaine Rocha would take up a newly created role of global chief operating officer.

Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.

Significant moves over the past month included the appointment of Chris Parry as global head of RenaissanceRe Capital Partners and the departure of Axis head of risk funding Ben Rubin, as well as an ILS launch at ERS and a new bond team moving to Credit Suisse ILS.