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 latest acquisition by Heritage continues the trend for the larger Florida-based insurers to look to grow beyond their roots into "super-regional" carriers, a dynamic that is not necessarily favourable to their reinsurers.

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.

Can savings on insurance in the future somehow be leveraged to invest in resilience today?

Taking on new perils may help ILS markets to compete outside the US, says the Generali executive.

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.

Swiss Re Capital Markets has hired Edward Johnson from Leadenhall Capital Partners to join its London ILS team.

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

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

JLT Re has appointed Nicolas Bardon as a partner in its Bermuda operation, reporting to head of office Guy Hengesbaugh.

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

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.