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Theo Norris has joined Gallagher Re as a dedicated cyber ILS broker, moving from his Aon Securities role as acting ILS assistant vice president. -
The pair will help to provide active flood data to market participants.
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Storm losses were down 30% to $13mn, but the prior-year result had benefitted from a one-off gain.
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The company confirmed its hire of Ian Wicks and announced Simon Arnott as a Bermuda executive.
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After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.
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The broker said that weather-related losses had become more severe in the past decade because of climate change.
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Lockton Re has hired James Boon from Aon to work as a senior broker in the expansive non-marine retrocession and property specialty division.
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The insurer said its plan was to fully transition the book to the fund.
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The carrier revised its cat bill following Ida and PG&E losses.
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The firm has hired former head of specialty at Ariel Re, Amit Shah.
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October storms touched the insurer’s occurrence reinsurance trigger of A$169mn.
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The insurer’s reinsurance and ILS business is “performing strongly,” said outgoing CEO Bronek Masojada.
