Trading Risk September 2017

Schroders-owned ILS manager Secquaero has won a significant $200mn+ mandate, according to sources, as a number of companies target growth in this sector.

The Canada Pension Plan Investment Board (CPPIB) will support Lloyd's insurer Ascot's plans to grow its newly launched MGA platform, Ethos Specialty Insurance Services.

The major Australian insurers disclosed further information on their reinsurance claims this year following several major storms and a New Zealand earthquake.

Managers of Bermudian special purpose insurers (SPIs) are taking steps to upgrade their vehicles to Solvency II-equivalent structures, following the introduction of new German regulations last year that made it more difficult for non-European reinsurers to conduct business in the country.

Rhodri Lane has been appointed London head of capital markets at Aon Securities. He will replace Darren Bailey, who recently left the firm, sources said.

Group chief risk officer Charles Mathias has joined the board of Fidelis Insurance, following the departure of Neil McConachie, who resigned as chief financial officer and director in January.

Duncan Hennes and Valerie Rahmani have been appointed to RenaissanceRe's board of directors.

Susan Lane has joined the captives consulting business of Willis Towers Watson.

Ascot Group has recruited Joe Calise from Guy Carpenter to run Vertical Underwriting Managers (VUM), the first US specialty MGA under its Ethos Specialty Insurance Services platform.

JLT Re has hired Andrew Ferrier as executive vice president to lead the Western region, based in the firm's San Francisco office.

Underwriting agencies and fronting carriers continued to see demand from insurance sector investors looking for fee-driven businesses, rather than risk-taking entities, as two more M&A deals in this sector were revealed over the summer.

Barbican's group leader of property treaty business, Aaron Coates, has resigned and is expected to join Twelve Capital later this year, sources said.