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The analyst said the loss will fall mainly to reinsurers rather than primary carriers.
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The portfolio manager had been with the firm since 2018, with incoming CUO Adam Szakmary expected to take up his responsibilities. -
The retention was $80mn which will reduce to $55mn for second and third events.
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The European Insurance and Occupational Pensions Authority (Eiopa) gave the projection in its June financial stability report.
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Habib Kattan will support the implementation of the company's outward reinsurance strategy.
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This is the second year the insurer has bought a fiscal-year aggregate.
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The carrier initially said it would seek just $100mn for the global multi-peril deal.
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The new broker will sit within Steve Hearn’s capital solutions division.
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Richard Anson previously served as head of ceded reinsurance at Antares and reinsurance manager for Aviva.
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The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.
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The insurer has lifted its ceded premium ratio and noted tougher terms on low-lying all-perils coverage.
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The French mutual has been looking to expand, with recent unsuccessful attempts to acquire Scor and PartnerRe.
