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Carsten Thienel has left Ed and will join JLT Re Asia Pacific, based in Singapore. Thienel has experience in multiple asset classes, including ILS and retro. He will be reporting to Stuart Beatty, CEO of Asia Pacific, as well as Bradley Maltese, deputy CEO of UK and Europe
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RMS has hired Pete Dailey as vice president to lead flood model development in its California headquarters
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Lloyd's has appointed Kirsten Mitchell-Wallace as head of risk aggregation to replace David Clouston when he steps down at the end of the year
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Willis Re senior vice president Paul Knutson has been signed up by BMS Re US as an executive vice president in its Minneapolis office
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Willis Re has hired former Third Point Re executive Tom Wafer as chairman for its North American operations alongside vice-chairman Jeffrey Livingston, a former Willis employee who rejoins the company from Marsh
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If we were to think of the reinsurance market in foodie terms, it has to be a barbecue joint
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Lloyd's syndicates and Munich Re are the reinsurers most active in covering Puerto Rican insurers, according to analysis from sister publication The Insurance Insider
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The first Hurricane Irma loss estimates released by UPC Insurance and others suggest that the private residential insured loss from the storm could be less than $5bn
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The Kilimanjaro Re series of cat bonds are among around a dozen deals with exposure to Caribbean hurricane risk, as Hurricane Maria hit Puerto Rico as a Category 4 hurricane
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The common denominator among almost all of Florida's homeowners' carriers is their relatively small capital bases and their heavy reliance on reinsurance.
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Hurricane Irma will be a major test for the ILS market even though it has taken a more favourable westerly turn for the reinsurance industry, straying away from Miami.
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The Florida insurers that make heavy use of reinsurance from ILS managers include UPC Insurance, Universal and Federated National.
