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The move comes as Markel Re closes down its independent cat reinsurance underwriting.
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The experienced broker had been freelancing for almost two years.
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The Nephila CEO said ILS capital backing sidecars that are a "trade not a relationship" will charge a higher cost of capital.
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The carrier’s co-founder Bruce Lucas will step down as CEO on November 30.
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The hire comes amid other promotions, including that of Sophie Lancaster, who has been named executive director.
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Significant changes this month include a shuttering of Markel Re's cat business, and several ILS experts joining Axa XL CEO Greg Hendrick at start-up Vantage
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The reinsurer’s CFO warns pandemic “is not over” and declines to guide on year-end result.
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HSCM’s Michael Millette urged industry participants to prepare for growing cat risk on the back of climate change.
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Industry veteran Payne was most recently at Credit Suisse Lloyd’s syndicate Arcus.
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The former Aon retro broker joined the firm several years ago.
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Nat cat events make up over two-thirds of the Q3 losses, with Covid-19 claims accounting for 23%.
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Ex-Brit underwriter Julia Henderson has resigned after two years, while a new CFO joins from Markel Re.