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The executive says a time lag for start-ups to achieve profitability would favour incumbents.
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Ex-RenRe CUO is eyeing a start-up, while other new propositions tussle over Ariel.
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Piccolomini and South pick up Advisory, while Clarke will head up global placement. -
Alan Tua will join the syndicate from Direct Line Group to develop its underwriting algorithm.
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The UK supervisor last year became the first to specify how insurers and banks should approach the threat.
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Megan Thomas will replace David Brown, who took the interim role on the departure of Kathleen Reardon last month.
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Driscoll was a founding employee of Validus in 2005 and became CEO of its reinsurance division in 2012.
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Beach has hired Willis Re executive Warren Berkstresser as senior vice president of its US reinsurance division.
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Lawrence Po-Ba was hired by the firm to source capital solutions for Lloyd’s syndicates in May.
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The executive, a key lieutenant of group COO Peter Zaffino, is the first of the Duperreault-era management team to leave.
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Warren Berkstresser will focus on US property treaty and specialty programs and open and run the broker’s new Seattle office.
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The broker specialises in North American P&C and transportation risks on a facultative and binding authority basis.
