Lockton
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Weighted average multiples were down as sponsors capitalised on demand to push spreads lower. -
David Baldwin joins from EIRS where he was a senior reinsurance consultant.
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Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
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The executive worked in investment banking before joining the reinsurance industry.
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Eric Paire was head of capital advisory at Aon for nearly seven years.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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The broker is yet to participate in a cyber cat bond.
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ILS capital so far is viewed by sponsors as strategic rather than essential.
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The ILS market’s exposure could grow to $1.5bn by the time a major cyber cat event occurs.
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Roche joins from GC Securities, where he was senior vice president.
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The Florida Building Code was introduced following the impacts of Hurricane Andrew.
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The carrier describes reinsurers’ current strategy of dealing with cyber policies as "a game of whack-a-mole"
