Guy Carpenter
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Magnani became vice president, based in London, in September.
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Having fuelled up on retro to grow, some carriers may need to focus on managing net exposures.
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The broker expects ILS funds will have a more difficult time raising capital next year.
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The new arrival will be an executive committee member and report directly to president and CEO Peter Hearn. -
The change is an early sign that MMC’s raids on Willis are bearing fruit.
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Lara Mowery and John Crichton will also join the committee as global head of distribution and chief information officer, respectively
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The broker also confirms the appointment of James Goodwin as head of power and mining.
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Covid-19 claims could make the year the most expensive on record, the broker warns.
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Lower deployable capacity and looming Covid risks added pressure, the firm said.
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Willis Re’s managing director of UK reinsurance will have a similar role at Guy Carpenter, it is understood.
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But the merger will still create opportunities for rival brokers to claim market share.
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Isosceles Re will run alongside Cerulean Re, which was set up in 2017 to manage private ILS deals.
