Property

Brian Boornazian will take on the role of executive chairman, with Emil Issavi as CEO.

The ratings agency said 17 companies, including some recently acquired and the state’s major listed carriers and subsidiaries, appear on track to secure A ratings.

The agency withdrew its rating on American Capital Assurance and expects to deliver a complete review of the Floridian insurers it follows by 19 March.

The erstwhile suitor cites falling valuations for residential property technology companies.

Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.

Significant moves over the past month included the appointment of Chris Parry as global head of RenaissanceRe Capital Partners and the departure of Axis head of risk funding Ben Rubin, as well as an ILS launch at ERS and a new bond team moving to Credit Suisse ILS.

The Floridian insurer aims to renew just over a third of its private reinsurance placement in cat bond cover.

The broker says the ILS alliance will "meaningfully increase" its capacity in three segments.

The former Mt Logan Re property reinsurance underwriter took on the role this month.

CoreLogic has already approved a merger with Stone Point and Insight but said it would review the competing bid.

As some in the market believe the winter claims will remain notably below $20bn, there are multiple factors creating challenges in assessing the event.

David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.