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The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability. -
The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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The Gallagher executive called it a “relentless start to the year”.
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Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.
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Schmidt will lead Markel's Global Strategy team and work with Nephila.
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The executive had been interim CEO since January.
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The former Goldman Sachs VP has a background in ILS structuring.
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Park assumed the role earlier this month.
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The claims tally has increased 7% since the last estimate a month ago.
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ILS capital so far is viewed by sponsors as strategic rather than essential.
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Tropical Storm Alberto, the first named storm of this year’s Atlantic hurricane season, made landfall this morning over Mexico and Texas, bringing heavy winds and gusty rains, according to the US National Hurricane Center (NHC).
