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Roy Wright has resigned as CEO of the US National Flood Insurance Program (NFIP) to lead an industry-funded non-profit group that promotes defences against property destruction by natural disasters.
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Artex said that one of its founders Peter Mullen will be re-joining the company as CEO-elect, taking over leadership of the insurance services firm from March 2019.
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Horseshoe Group's Mike Baker has been appointed to lead the manager's new London office.
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LGT ILS Partners has hired Philip Borgia from Aon Benfield to join its deal sourcing and analysis team, the company confirmed.
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Fidelis has appointed Alison Clarke as a senior underwriter in its London market underwriting team.
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The UK's Prudential Regulation Authority (PRA) has hired former Tullett Prebon ILS structurer and originator Antonio Guevara to work on ILS.
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Heritage Insurance has appointed Tim Johns as president and CEO of Hawaiian residential hurricane insurer Zephyr Insurance Company.
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Brit Insurance's Bermuda head of property treaty Julia Henderson has left the company, according to sources.
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The oversupply of reinsurance capacity for Japanese wind, flood and earthquake perils capped any anticipated post-HIM rate rises in what turned out to be a broadly flat April renewal, according to Willis Re.
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The property direct and facultative market achieved rate increases of 20-30 percent on loss-hit US business at the April renewal, but underwriters were still nonetheless disappointed.
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Reinsurers were pushed back in their attempts to increase US property rates at the April renewal, with loss-free cedants even demanding slight decreases, Willis Re said in its 1st View report.
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Michigan lifts ILS; AP3 increases ILS