Willis Towers Watson

A group of Bermuda staff also left the broker.

The Bermuda-based team is led by John Fletcher. 

Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.

Storm Ciarán incurred insured losses of EUR1.9bn, according to WTW’s natural catastrophe report for July to December.

Based in Chicago, Lubbers joins WTW after some two years at ServiceNow, where he was global client director.

WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.

The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

The product will provide $100mn in cover across eight countries at high risk of tropical cyclones.

The broker said there was still a “big unknown” around the potential global economic impact of the conflict.

Singh had managed Lloyd’s catastrophe risk appetite prior to joining MS Amlin.

The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.