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The reinsurer plans to celebrate the milestone by helping 20 charities in Bermuda and London

The clubs believe coming together would accelerate progress towards shared strategic goals

Resilea is expected to bring an increased level of scale and strength to the firm and its clients

The firm expects the new office to produce $400 million by 2030, half of it coming from alternative risk transfer

The executive takes on the role in New York reporting to Jim McKinney, chief financial officer

Freddie Scarratt, of Gallagher Re, says there are still many unknowns — such as how to underwrite associated risk

AM Best also gives the Bermudian-based subsidiary a good long-term issuer credit rating

Mervyn Skeet needed in the room to ensure Bermuda was properly represented

Executive Andy Marcell says many insurers had raised their attachment points

By some estimates, the market could rapidly represent billions in new premium a year