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The restructuring arrangement is designed to protect creditors. -
Shreeve’s role will encompass the Aon Captive & Insurance Managers’ ILS business.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
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The capital partners unit was launched via London Bridge 2 in Lloyd’s last year.
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The platform will transform ILS transactions on behalf of Jireh and SRS clients.
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CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The firm will advise and support third-party risk capital providers.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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The platform will match partner capital to provide capacity for reinsurance placements.
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He joins from Pillar Capital and will be based in Bermuda and New York.
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He was appointed acting CEO earlier this month, after Andrade’s departure.
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