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"
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Chris Parish was previously portfolio management and funds team leader at Nephila Capital.
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Structures have been developed that would avoid “excessive capital trapping”.
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The broker said it would help clients to think creatively and act quickly in accessing capital.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.
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Kathy McCann is set to join from Guy Carpenter, while Zach Breslin will move over from Aon Securities.
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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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SageLink will enable fully automated quoting capabilities for reinsurance.
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Trading Risk reported last year that the Aon executive had resigned to join Lockton.
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
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The executive will take on the role of chairman of retro, property specialty, Bermuda and market capital.
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Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.
