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The broker’s appointment of Jim Fiore follows his decision last year to leave QBE after nearly 30 years at the carrier. -
Michael Fitzgerald has also been promoted to head of the firm’s North Carolina office.
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The broker and ratings agency AM Best said total deployed capital grew 2.7% in 2021.
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At Lockton Re, Cheney spent the last 18 months as senior broker and co-leader of its property practice.
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European loss experience drove the firm’s index back in line with 2014 levels.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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Madison Dearborn has increased its shareholding, while HPS has reinvested.
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The BMS meteorologist said early data indicated “truly historic outbreak”, and that similar events typically cost the industry in the low-single digit billions of dollars.
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1 January renewals are running late across the board as reinsurers hold out for improved terms, but the retro segment is the most challenged for capacity.
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The target firm deals in engineering, energy, P&C and specie.
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The partnership seeks to help response and recovery organisations manage the “entire lifecycle” of a catastrophe.
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Insured losses from severe weather events in the US are on course to exceed $20bn, following the second highest October tornado tally on record, according to a report from Aon.
