Trading Risk February 2018

Hymans Robertson has hired actuary Baljit Khatra from Mercer as a risk transfer consultant.

Axis said it would combine its ceded reinsurance operations and third-party capital business into a single department as it announced a broader restructure.

Floridian insurer Heritage has named Kirk Lusk as its new CFO with effect from 28 April, when Steven Martindale will step aside.

AIR Worldwide has appointed Roger Grenier as senior vice president of global resilience.

Aspen Insurance CEO Stephen Postlewhite has left the company, the Bermudian carrier said in a statement last month.

Securis has parted ways with its head of origination Neil Strong after a significant management restructure that has elevated Paul Larrett to the new role of chief underwriting officer and head of non-life analytics.

Vic Pannuzzo is to become chief executive of Artex Risk Solutions' new office in Singapore.

Richard Oduntan has been named CEO of Nephila Climate (NCx).

TigerRisk has hired Marc Beckers as partner and head of Europe, Middle East and Africa (Emea).

The sidecar market has expanded notably in 2018 as Sompo and Axis became the latest carriers to provide updates on new or expanded vehicles.

LGT ILS Partners launched its Bermudian rated vehicle Lumen Re with $350mn of equity, according to an AM Best rating report.

Losses from US primary habitational and coastal hotel accounts have driven pockets of localised hardening in the US commercial property insurance market, with rate increases of as much as 70 percent for some risks.