Liberty Mutual Reinsurance, the global reinsurance underwriting arm of the US insurance group, has hired an executive with experience of the traditional and alternative or ILS capital sides of the market, appointing Ly Lam to a newly created Chief of Staff position.

MS Reinsurance, the Zurich headquartered global reinsurer and part of the MS&AD insurance group, has announced the hiring of Marlin Ramlal as Senior Underwriter, Property in Bermuda.

London headquartered specialty insurance and reinsurance firm Beazley has promoted Ellie Horner to the role of Group Head of Ceded Reinsurance, filling the position from within as its previous holder William Mills has departed to Allianz Global Corporate & Specialty (AGCS).

Andy Marcell, the CEO of Aon’s Reinsurance Solutions, has highlighted the slow and delayed start to the reinsurance renewals and implies the lack of quoting activity has become an issue, calling on reinsurance markets to “move towards” risk at this renewal, not away from it.

Reinsurance renewal negotiations continue, but we’re told some placement proposals delivered for market feedback are receiving short-shrift, with carriers’ pushing back and asking for more rate.

Legislative leaders in Florida have announced the dates for a Special Session to address property insurance and reinsurance issues in the state, with the Session to be held from December 12th to 16th.

The apparent impairment of global dedicated reinsurance capital is set to create “generational” opportunities for underwriting companies, according to David Flandro and Michelle To of Howden Broking.

Analysts at Peel Hunt are forecasting that property catastrophe reinsurance rates may increase 20% to 30% above inflation in 2023, based on conversations they’ve had with underwriters and brokers.