Aon

The executive will join Aon as head of global digital placement platforms.

Reinsurer capital fell 8% in Q1 to $645bn on the back of mark-to-market losses, as nat-cat capacity contracted materially for the first time since the 2004-2005 hurricane season.

The brokers expect to reach an out-of-court agreement to end the poaching case in south Florida within two weeks.

Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.

The industry veteran replaces Melissa Thomas, who took over the Cayman business a year ago.

Market dislocation and macroeconomic disruption were listed as the second and third most prominent risks, with the economic environment as a key concern.

Sentiment scores are down across the industry, indicating pessimism regarding inflation and the economy.

The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon.

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The broker promoted Eduardo Hussey to succeed Gregory as part of the leadership changes in Miami.

Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.

The broker put ILS capital at $96bn by year end, $1bn lower than mid-2021 but ahead of its $94bn year-end 2020 estimate.