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The hire reflects Ascot’s push to build capabilities on the island.
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The insurer is also said to have scaled back its cession percentage to between 25%-30%, with final signings still being determined. -
Price-to-earnings multiples suggest that the P&C stocks are currently the most undervalued they have been since 2012.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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D&O carriers are now assessing corporations’ board diversity plans as part of the underwriting process.
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Liability account move is latest development in ongoing reinsurance buying overhaul.
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The deal covers subject premium of around $2bn and will run for 18 months.
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The latest Willis hires comes as the London-based broker targets the US fac market.
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The Accredited program partner has plans to expand into new lines of business.
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Project is in its early stages, with a round of meetings held to stress test it with PE firms.
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Reinsurers demand exclusions and rate rises in all classes amid pandemic uncertainty.
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The equity research firm names Beazley as most exposed to the price growth within casualty because of its US hospitals business.
