Aspen

Theresa Froelich takes up the role following a restructure of senior leadership at the company.

Kreuzer previously served as Axis Re head of casualty for North America and London.

The three ILS-backed syndicates at Lloyd’s narrowed their losses in 2019.

Cat losses almost halved last year compared with 2018, which the carrier said was evidence of its ongoing reduction of cat risk exposure.

Jonathan Ritz will help lead the executive team and take on a range of day-to-day responsibilities from Mark Cloutier.

The loss was the result of non-operating costs relating to its takeover by Apollo and its ongoing efficiency drive.

The executive will work alongside head of international catastrophe Andrew Mellor at the Bermuda reinsurer.

Departing CUO Emil Issavi will be reunited with former Aspen Re chairman Brian Boornazian at Ryan Specialty Group.

Among other promotions, chief risk officer Tim Aman will take responsibility for outwards reinsurance.

The private equity firm has brought in Mark Cloutier as CEO.

Hurricane Michael and the California wildfires have trapped a significant portion of retro capacity, the analysts said.

Catastrophe losses added 9.0 points to the (re)insurer’s combined ratio as Hurricane Florence and Typhoon Jebi pushed up losses, mainly impacting its reinsurance division.