Juan Andrade’s employment agreement has been extended through the end of 2023, with automatic annual extensions following this term.

The hire reunites Rene Lamer with fellow Sompo alumnus Stephen Young.

Ascot has appointed Mitch McBain as senior vice president and head of management liability in Bermuda.

The former president for specialty casualty insurance had moved into a senior casualty treaty role in Everest’s reinsurance division last month.

As negotiations begin to pick up heading into January reinsurance renewals, a clear contrast has emerged among executives between the profitability and availability of capacity across the property and casualty markets.

Bermuda-based Arbol Underwriters will focus on matching reinsurance capacity with parametric insurance risks.

The (re)insurer remains committed to cutting volatility and adjusting its risk profile by moving to specialty segments and repricing businesses where margins are inadequate.

Liz Cunningham, Watford’s chief risk officer, has been named its new CEO, as the company said that ratings agency AM Best had affirmed the outlook on its A- FSR to "stable".

The executive said during a Q3 earnings call that the company wouldn’t comment on market rumors related to the sale of its primary Lloyd's insurance business.

The (re)insurer’s combined ratio spiked to 152% after taking $132mn in losses from the European floods and $100mn in claims from Hurricane Ida.

Brid Reynolds will be responsible for the oversight and development of risk functions globally.

Reinsurers take stock of a changing catastrophe landscape and plot contradictory courses.