Treaty Reinsurance

Tom Gregory, Cameron Maffit, Mark Robinson and Patrick Reardon have now started in their new roles.

The move comes ahead of the COP26 climate summit in Glasgow in November.

Covid-19 losses of $14bn added 8 percentage points to combined ratios.

Binding insurers include Chubb and AIG, with reinsurance from Munich Re.

Acrisure Re has recruited Willis Re executive vice president and 20-year veteran Paul Sperrazza as the employee-owned broker expands its presence in the Midwestern reinsurance market, according to a spokesperson for the intermediary.

The executive has been named head of its healthcare division.

Senator Jeff Brandes and local insurance law experts tell this publication that the state’s insurance market will be hugely vulnerable without reform.

CEO Johan Slabbert says the US specialty market offers a chance to balance out the volatility of catastrophe risk.

The executive says the carrier made strides last year in its underwriting and is well positioned for growth.

New York City-based Murdock has worked at Lockton since 2019

The transaction will free up around $1.7bn in deployable capital.

The state-backed carrier has instructed broker Guy Carpenter to renew a slightly smaller initial programme than the $2.1bn it placed last year, but will consider options for additional cover.