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The agency cited falling property rates and US casualty challenges. -
The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda.
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Philipp Rüede succeeds François de Varenne, who will become senior advisor to the CEO.
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The specialty reinsurance market is experiencing high competition and staff turnover.
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Barry Gale has spent almost five years at the broker.
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The LA wildfires resulted in the largest insured loss of the year, at $40bn.
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The 25-year industry veteran will report directly to CEO Adrian Daws.
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Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth.
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The report emphasises the need for clarity around roles and responsibilities.
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Plus, the latest people moves and all the top news of the week.
