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ILS veteran Kathleen Faries also advocated for an industry superhighway to transform the way risk is moved. -
The underwriter has over two decades of experience and worked in origination and analytics at NewRe.
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Magnani became vice president, based in London, in September.
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Enterprise and property cat reinsurance are a “must have,” chief risk officer Julia Chu says.
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ILS expansion beyond cat will continue, the Everest Re CEO added.
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The executives also called for government-private sector partnerships to address future pandemics and other protection gaps such as cyber.
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Rising capital costs, not losses, will support reinsurance rate increases, the CEO argued.
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The reinsurance broker’s international chief leaves after 35 years.
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The appointment follows a number of senior departures from Aon’s reinsurance ranks.
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Investors will be able to see their capital instruments in real time, CEO John Neal said during Insurance Insider’s virtual (Re)Connect event.
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The newly created role will focus on broker relationships in the E&S markets.
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A much harder retro market is driving reinsurance price increases.
