Treaty Reinsurance
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Marsh & McLennan Companies’ Glaser joined Willis Towers Watson’s Haley and Acrisure’s Williams in promoting broking’s bullish future prospects.
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Gregory Murphy said there needs to be greater understanding of reinsurers’ credit risk.
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The executive will work alongside head of international catastrophe Andrew Mellor at the Bermuda reinsurer.
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The Florida carrier places $1.45bn of reinsurance limit with a lower average net rate on line for the coastal account placement. -
Speaking at a conference in New York, the executive said long-term partnerships allow for increased consistency.
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The broker plans to “invest heavily” in its reinsurance operations following its buy-in from a Canadian pension fund and private equity house Preservation Capital.
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The Catlin Group founder will provide strategic guidance alongside other senior finance and technology executives.
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The (re)insurer is expected to pick either its reinsurance or insurance CEO to replace group chief Dominic Addesso.
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The Floridian carrier bought 8 percent more cover than last year, inclusive of a $3.2bn core cat tower.
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The ILS market faces a test to recover position as it loses market share to traditional players.
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“Green shoots” of rate firming spur hopes of further gains.
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Only 11 percent of companies in our analysis have relatively equal representation on their boards.
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