JLT FAC

Market update

2018: Issue 1
 Introduction
Time flies, and it is hard to believe that JLT Fac is now two years old. As we look back on
2017, we can reflect on what a remarkable year we have all just been through as an industry.
What has been of particular note is that the Insurance market has demonstrated its resilience
in the face of extreme adversity and most importantly its ability and alacrity in paying claims.
After all, that is why our clients buy insurance/reinsurance and we have had the perfect
opportunity in 2017 to show the benefit that our broad suite of products offer in rebuilding after
an extreme event.
Whilst there are some who are both surprised and somewhat disappointed that the mutliple
events of 2017 have not produced the anticipated turn in the market, it is a good testament
to the future that we witnessed swift and committed reloading of capital and that new capital
continues to invest in our sector.
2018 will undoubtedly prove to be a pivotal year for many companies and syndicates and
we can only hope that the meteorological conditions are somewhat kinder to everyone. We
expect to see continued M&A activity, as well as increased moves towards purpose built
Sidecar vehicles (SPS’s) and MGA’s.
Facultative products will continue to play an important part in our clients need going forward
and JLT Fac is perfectly placed to add value and innovation. We would like to thank you all for
your continued support and engagement with our highly skilled and professional team and we
look forward to continuing to provide you with effective solutions during the course of 2018.

Vanessa Macdonald-Smith, CEO JLT FAC

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NATURAL CATASTROPHE LOSSES 1970 - 2017 IN REAL TERMS

160 450

140 400

120 350
USD billion (inflation-adjusted)

300
100

250
80

200

60
150

40
100

20 50

0 0
2017E
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016

Seismic Meteorological Man-made 10-year moving average Number of events (RHS)

Source: JLT Re
2017 Insured Losses – Full Year Summary
• Total economic losses from natural catastrophes for
2017 reached USD 330 billion
• Insured losses from natural catastrophe events
totalled in excess of USD 140 billion
• The event which incurred the highest insured loss
was Hurricane Maria across USA and the Caribbean
estimated at USD 32 billion with economic losses of
USD 63 billion

• 2017 is the second costliest year ever for Natural
disasters
• Hurricanes Harvey, Irma & Maria (HIM) insured
losses are expected to reach almost USD 100 billion
with economic losses of USD 200 billion
• Hurricane Maria was one of the most rapidly
intensifying hurricanes on record – going from Cat 1
to Cat 5 in 15 hours
• The 2nd most expensive 2017 event was Hurricane
Irma with insured losses of USD 30 billion

• There were 710 relevant catastrophe loss events
recorded by Munich Re NatCat Service
• 93% of insured losses emanated from the USA,
Caribbean and Central America with 13 events of
over USD 1 billion each
• Severe thunderstorms in the US made up
approximately USD 20 billion of insured losses
• River flooding and flash floods accounted for 47%
of loss events
• Fatalities were 10,000 down on the 10 year average
of 60,000 and 30 year average of 53,000
Sources: JLT Re, Munich Re, Inside Fac, Insurance Insider, Insurance Journal
• The Tubs California wildfires in October, currently
estimated at over USD 11 billion, caused the highest
insured wildfire loss in US history
• More than 45 million people were affected in the
floods in India, Nepal and Bangladesh in June -
October 2017 with economic losses of USD 3.5
billion, but insured damage was virtually nil
• Man-made disasters totalled USD 5 billion (down
from USD 8.38 billion in 2016)
• 2017 global Energy losses reach more than
USD 4 billion
• The largest man-made loss was USD 2 billion
emanating from a major refinery fire in UAE

NATURAL CATASTROPHE Insured Loss (USDm)

Date Event Country Events above 100m
Jan 17 Severe Storms - Mississippi US 200
Jan 17 Multiple Tornadoes - South US 300
Jan 17 Windstorm Egon UK & Europe 329
Feb 17 Texas Tornadoes US 120
Feb 17 Windstorm Thomas / Storm Doris UK & Europe 280
Feb 17 Floods/ Landslides Peru 380
Mar 17 Cyclone Debbie Australia 1,400
Mar 17 Severe Snowstorms US 125
Mar 17 Severe Weather – Midwest, Southeast US 500
Mar 17 Extra-tropical Cyclone Zeus Europe 303
Mar 17 Texas Hailstorms US 300
April 17 Severe cold weather damaging crops Europe 650
May 17 Severe Weather – Plains, Mississippi Valley US 125
May 17 Colorado Hailstorms and severe weather US 1,400
May 17 Severe Weather – Midwest, Plains, Rockies US 700
May 17 Severe Weather - Midwest, Plains, Mississippi US 1,200
Jun 17 Floods Canada 100
Jun 17 Hailstorm Paul Germany 455
Jun 17 Severe Storms – Minneapolis & Minnesota US 1,300
Jul 17 Tropical Storm Nanmadol Japan, Philippines 2,200
Jul 17 Severe Storms Turkey 400
Aug 17 Earthquake China 150
Aug 17 Typhoon Hato HK, Macau , China 223
Aug 17 Tropical Storm Pakhar Macua. China 116
Aug 17 Hurricane Harvey - Texas, Louisiana US 30,000
Aug 17 Floods – Mumbai India 80
Sept 17 Earthquake -Chiapas Mexico 2000
Sept 17 Hurricane Irma Caribbean, US 32,000
Sept 17 Hurricane Maria Caribbean, US 31,500
Sept 17 Earthquake – Puebla/Mexico City Mexico 4,800
Sept 17 Typhoon Talim Japan 210
Sept 17 Typhoon Doksuri Vietnam, Thailand, China 500
Oct 17 Hurricane Nate Nicaragua, Costa Rica US 500
Oct 17 Hurricane Ophelia UK, Ireland 72
Oct 17 Typhoon Lan Japan 1,000
Oct 17 Storm Herwart Germany, Poland 317
Oct 17 Extra Tropical Cyclone Xavier Germany 344
Nov 17 Severe Storms/Floods Greece 100
Nov 17 Pohang Earthquake South Korea 100
Dec 17 Storms - Melbourne Australia 105

Sources: Swiss Re Sigma, Munich Re, Inside Fac, JLT Re

MAN-MADE
Insured Loss (USD m)
Date Event Country Events above 25m
Jan 17 Major Fire at Refinery UAE 2,000
Jan 17 Lost Oil Shipment - Refinery Shutdown Morocco 400
Jan 17 Offshore Well Blowout UK 79
Jan 17 Major Fire at Refinery Japan 125
Jan 17 Petrochemical Plant Fire Abu Dhabi 35
Jan 17 Major Fire at Refinery Ivory Coast 175
Jan 17 Coal-fired turbine failure Saudi Arabia 42
Jan 17 Apartment block fire US 36
Jan 17 Automotive Factory fire Czech Republic 212
Jan 17 Riots Mexico 225
Jan 17 Chemical Factory Fire Finland 500
Jan 17 Wildfires Chile 400
Jan 17 Contamination to Pipeline Canada 26
Jan 17 Fire in Petrochemical Plant - Louisiana US 67
Jan 17 Pipe Lay Vessel damage - Offshore CAR Brazil 128
Jan 17 Explosion in Gas Fired Power Plant - California US 70
Jan 17 Mechanical failure at Coal Fired plant Australia 63
Jan 17 Wildfires Capetown Wine region South Africa 75
Jan 17 Hydro Power plant power loss, California US 27
Feb 17 Apartment block fire US 32
Feb 17 Petrochemical plant Canada 29
Feb 17 Fraud South Korea 100
Feb 17 Aquaculture algae bloom loss Mexico, Chile 45
Feb 17 Petrochemical plant mechanical failure - Texas US 45
Feb 17 Fire – Renewable Power Plant - Virginia US 36
Feb 17 Nuclear Plant Fire France 34
Feb 17 Gas Fired Power Plant Mechanical Failure Turkey 31
Mar 17 Loss of Cargo Ship Korea 40
Mar 17 Oil sands Pipeline Fire Alberta Canada 707
Mar 17 Apartment block fire US 25
Mar 17 Fire - Off shore platform Nigeria 90
Mar 17 Multi fuel power plant mechanical failure - NY US 40
Apr 17 Fire and explosion at fertiliser plant Norway 46
Apr 17 Maryland Power-Plant mechanical failure US 25
Apr 17 Gas fired Power Plant mechanical failure Algeria 35
Apr 17 Oil fired Power Plant mechanical failure Mexico 93
Apr 17 Gas-fired Power Plant mechanical failure Romania 32
May 17 Damage to Offshore Well Norway 72
May 17 Coal fired power plant fire India 130
May 17 Power Outage to major Airline UK 109
May 17 Cyber Attack - Credit Bureau UK 150
Jun 17 Cyber Attack - Pharmaceutical company US 1,500
Jun 17 Cyber Attack - Shipping company Denmark 300
Jun 17 Tower Block Fire UK 65
Jun 17 Terrorism Damage to Onshore Pipeline Turkey 40
Jun 17 Wildfires Western Cape South Africa 85
Jun 17 Coal fired Power plant fire India 30
Jun 17 Gas fired Power Plant mechanical failure Algeria 44
Jun 17 Product Recall Confectionary company UK 55
Jun 17 Hydro Power Plant explosion Columbia 25
Jun 17 Gas fired Turbine failure UAE 50
July 17 Grounding of Container Ship New Caledonia 170
Aug 17 Chemical Plant Explosion Texas TBA
Aug 17 Fire Aluminium plant Oman 300
Aug 17 Saudi Superyacht runs aground Egypt 47
Sept 17 Explosion Gas Plant Pipeline – Texas US 30
Oct 17 Oil Storage explosion Ghana 25
Oct 17 Wildfires - California US 11,800
Oct 17 Wildfires - Portugal & Spain Portugal, Spain 232
Oct 17 Explosion at Coal Gasification plant - Tennessee US 225
Oct 17 Helicopter crash Saudi 70
Oct 17 Terrorism Shooting Incident- Las Vegas US 750
Nov 17 Product recall for a confectionery manufacturer UK 60
Nov 17 Aircraft Collapse on ground UK 43
Nov 17 Film Company D&O claim US 90
Dec 17 Wildfires California US 2,500
Dec 17 Fire damage to Aircraft Qatar 40
Dec 17 Gas explosion Austria 50
Dec 17 Train derailment US 50
Dec 17 Multi story car Park Fire - Liverpool UK 27

Sources: Swiss Re Sigma, Munich Re, Inside Fac, JLT Re

NEW SYNDICATES/CAPACITY
• Reinsurance capacity reached an all-time high in
2017 of over USD 600 bn
• Total Lloyd’s capacity to £32.3bn ($43.2bn) for the
year.
• 48 percent of all syndicates increase stamp capacity
for 2018
• Total Lloyd’s capacity grows 6.2 percent year on year
• 2018 will also be one of the busiest ever for Lloyd’s
start-ups
• Nine new syndicates for 2018 add £450m in capacity
• ILS Top 10 Managers grew their assets under
management to USD 62 bn at Jan 2018
• Record USD 6.3bn of non-life cat bond issuance in
the second quarter challenges traditional property cat
reinsurance.
• Kemah Capital MGA sets up under Dom Tobey with
Berkshire Hathaway support
• Ascot launches new MGA platform Ethos Specialty
Insurance Services
• Chord Re sets up as an MGA backed by Neon
Syndicate
• Greenlight Re Dublin enters the market on Specialty
lines
• NexAssure Group to open UK MGA
• New “Super MGA” Volante starts early 2018 led by
Talbir Bains with USD 50m line
• Hiscox plans to increase Lloyd’s capacity by £450m
for 2018 to £ 1.62bn
• Toa Re and Barbican Managing Agency on track for
new Lloyds SPA 6132 at 1.1.18
• Neon Syndicate to increase stamp capacity by 40%
to USD 508.20m for 2018
OTHER NEWS
• Novae closes US D&F operations in Bermuda
• The Schinnerer Group acquires International
Catastrophe Insurance Managers (ICAT) from the
Praline Group
• Scor has opened a representative office in Kenya
• Jeremy Brazil steps down as Head of Underwriting at
Markel Syndicate
• John Neal steps down as CEO of QBE and is replaced
by Pat Regan
• B3i sets up as Insurance industry Blockchain vehicle
• Post Brexit Hubs – 8 distinct hubs have emerged.
Most prevalent being Luxembourg, Brussels and
Dublin, followed by Malta, Hamburg, Antwerp, Munich
and Paris
• Beazley Syndicate shuts Dubai office
• Sierra Signorelli leaves AIG to join Zurich as COO for
Commercial
• Matthew Moore takes over Liberty Specialty Markets
leadership role from Nick Metcalf
• Peter Zaffino leaves Marsh and joins AIG as Global
COO
• Rob Schimek leaves AIG
• Ross Bertossi succeeds Jaques Bonneau as VP of
Global Underwriting at Chubb
• Seraina Marcia leaves Hamilton Syndicate to join AIG
as CEO of Emerging Technology
• Liberty Mutual to cut 200 jobs in the combined US
operations of Ironshore and LIU US
• Charlie Fry takes over as Head of Reinsurance for AIG
• Julian James to leave Allied World Global Markets
during 2018
• Marc van der Veer previously at Exin joins Geo
International as CEO for Europe
• Pina Albo resigns from Munich Re to join Hamilton
Insurance as its new CEO
• Steve Arora leaves Swiss Re to join Axis Re as CEO
based in Zurich
• Steve McGill and Greig Woodring join the board of The
Hartford
• AIG hire Chris Townsend from MetLife to be CEO of
AIG’s International General Insurance division
• George Stratts is promoted to head of Lexington P&C
• Lex Baugh has been promoted to CEO Of North
America General Insurance at AIG
• Tom Bolt joins AIG as CUO of General Insurance from
Berkshire Hathaway Specialty
• Chaucer Syndicate to increase its Nuclear specialist
syndicate by 24% in 2018
• Ascot syndicate to increase their stamp capacity by
23% for 2018
• Ascot Re set up as a new Bermudian USD 1bn
reinsurer to be led by John Berger
• Brit Syndicate launches Sussex Capital with capacity
of USD 100m
• Neon Group launches new sidecar – NCM Re –with
USD 72m of capital
• Chaucer Syndicate establishes sidecar Thopas Re
with USD 95m collateralisation
• Barbican raises USD 160m to fund collateralised
vehicle – ClaRe - led by Colin Mayo
• New MGA Rokstone Underwriting on behalf of Best
Meridian International Insurance
• Pioneer Underwriters launches fully fledged syndicate
from 1st January 2018
• Castel MGA enters Construction market
• Agora launches as a full Lloyds syndicate 3268 with
effect from January 2018
• Standard Syndicate provides capacity to One
Underwriting to write Property/Energy
• Geo Specialty capacity is in place for 2018
• GIC of India to start its Lloyd’s syndicate early 2018
• Canopius Syndicate trebles its Political Risk and
Contract Frustration line to USD 75m
• Amlin launches Viribus Re sidecar with USD 60m
capital
• Chinese Reinsurer – Brilliant Reinsurance – sets up in
Guernsey
• Qatar Re sets up a London branch office led by
Michael van der Straaten
• Axis Group exits Downstream Energy and US
Excess Casualty in London
• AGCS opens up news offices in Beijing and
Indonesia
• Mathias Scheuber leaves Allianz to join as CEO of
ERGO Versicherungen
• Sciemus rebrands as Argon Underwriting
• David Cohen replaces Stephen Postlewhite as CEO
of Aspen Insurance
• Simon Beale is to take over as CEO of MS Amlin
when Charles Phillipps retires in April
• Sompo Japan closes their Fac book
• QBE is conducting a strategic review of their Latam
Operations
• Aspen Re to close its Cologne and Paris offices
• Barbican opens up a new D&F platform in Bermuda
• Chaucer Syndicate sets up an office in Dubai (DIFC)
run by Fawzi Oman
• Neon appoints Richard Heppell as CFO (he was
previously at MS Amlin)
• Probitas Syndicate 1492 opens up an office in
Mexico headed up by Gabriel Anguiano
• Charles Goldie becomes CEO of Partner Re Property
& Casualty
• Ignacio Borja leaves Allianz Colombia to join Chubb
as president for Spain and Portugal
• Mike Sibthorpe (CUO), Janice Hamilton (CFO) and
Janet Nelson (COO) leave AmTrust
• Tim DeSett joins AIG as Head of Field Operations,
Client relationships and Practices
• Chubb promote Brian Church to Head of
International for Overseas General business
• Pioneer Syndicate launches regional hub for Latam
business led by Rogello Diaz
• Axa announces its intention to cease writing
insurance for Coal and Oil sands producers
• Charlie Rumball – Specialty Head - leaves Ariel Re
• David Inge, Chief Underwriting Officer, leaves
Acappella Syndicate
• Pool Re launches reinsurance coverage for Cyber
Terrorism in December 2017
• Steve Blakely is to replace Charles Dangelo
as CEO of CV Starr Global Insurance
• Anne Haugh leaves as COO of Aspen Insurance to
join as COO of Volante Global
>>
 >>
MERGERS & ACQUISITIONS
• M&A for 2017 is a record year with Global
M&A deals totalling USD 57bn
• There were 271 M&A acquisitions in the first
half of 2017
• Mitsui returns to major M&A with USD 1.6bn
First Capital buy
• Centerbridge acquires Sompo Canopius
Syndicate as part of an MBO
• Talanx Group acquires Generali’s
subsidiaries in Colombia
UK PROPERTY
• Waleed Jabsheh has become the executive
director of IGI UK moving from Jordan
• Carlos Vasquez moves to Mapfre Global London
from Madrid as Head of International Underwriting
• Jose Antonio Ruibal moves from Mapfre Global
London to Mapfre Madrid
• Richard Clark leaves RSA London to join One
International Underwriting
• Chris Schmidt joins Chord Re (new MGA) from
Aspen Re
• Marc Brendle joins Chord Re from Ariel Re
• James Potter and Paul Hallinan set up MGA for
Best Meridian International Insurance (Rokstone
Underwriting)
• Adam Wright leaves MS Amlin to join Aviva
• Chris Minchell leaves MS Amlin to join Neon
Syndicate
• Tom Walbank leaves Chubb London to go to
Westchester San Francisco
• Lisa Hassan leaves RSA to join Aviva
• Elaine Perry leaves Berkley Re UK
• Paul Hill joins ADNIC International London to run
their London office
• Emma Brown leaves Navigators Syndicate
• David Corrigan resigns from HDI London to join
Aviva International
• Josh Graham joins One Underwriting
• Neil Chapman joins the MGA Unicorn
Underwriters
• Grace Emson leaves Navigators Syndicate and
joins Berkshire Hathaway
• Theo Butt has left Ascot Syndicate
• Henry O’Kill moves from Beazley Syndicate in
London to Beazley New York
• Kate Foster joins Beazley Syndicate London from
Berkshire Hathaway
• Ian Haslam joins GIC newly formed Lloyd’s
Syndicate
• Stephen Woodward joins Standard Syndicate
• Ben Guarino leaves RSA and joins Allied World
Assurance Company
• Jason Mortimer is leaving Probitas Syndicate
• Jeremy Perkins resigns from CV Starr to join CNA
Hardy Syndicate
• Andrew Weare joins IMIU as Senior Underwriter
• Rasmus Nygard relocates from AIG Stockholm to
AIG London
• Neil Russell leaves Argo Syndicate
• Jon Bartlett leaves Allianz
UK ENERGY/POWER
• Steve Allen and Adam Hearn leave RSA to join
GCube
• Ian Green (previously Hiscox Syndicate) joins
MGA Argon Underwriting
• Chris Wildee leaves Aspen Insurance and joins
Oman Insurance
• Christian Halm leaves InterHannover to join AIG as
Oil & Petro Manager in London
• Anthony Vassallo is appointed as Head of
Downstream Energy for AGCS London
• Peter Godfrey joins One Underwriting International
to set up Energy book
• Steve Tresadern resigns from Validus to join
Zurich Downstream Energy team
• Saudi Re takes a 49.90% holding in Probitas
Holdings based in Bermuda
• Apollo buys Catalina for between USD 700m
and USD 890m
• GIC IPO valued at USD 1.7bn
• Sirius acquires a majority stake in The
Phoenix Holdings ( Israel) in a USD 660m
deal
• AIG buys Validus for USD 5.56bn with the
deal to be finalised in 2018
• Steve Saunders leaves Axis London
• Steven Phillips leaves Zurich Energy London
• Alex Priestley resigns from Argenta Syndicate to
join Cathedral Syndicate
• Elizabeth Mitchell joins Argo Global as Onshore
Energy underwriter from Munich Re
• Marina Moore retires from Starstone Syndicate
• Kashe Sambhi has been promoted at Swiss Re to
Head of Wholesale for Energy, Power and Mining
• Lee Hazelden is promoted to Head of Offshore
Energy at Swiss Re
• Stefan Riedel replaces Alex Wimmer at Munich Re
as Head of Energy
• Adam Williams leaves Allianz to join Lancashire to
write a Downstream Energy book
• Mark Petterson leaves Navigators Syndicate to
join Argenta Power Team
• James Ingham and Richard Bell leave Barents Re
Syndicate as they close their renewables book
• Marina Nadirova leaves Canopius Syndicate to
join Aegis Syndicate to write Power
• Tom Houston has been promoted to Head of
Energy, London Market for Sompo International
UK/EUROPEAN CONSTRUCTION
• David Turner leaves Talbot Syndicate
• Simon Challinor leaves Canopius Syndicate to join
Chase Underwriting International
• Adam Casselman leaves Canopius Syndicate to
join Allianz
• Christina Hall joins Aviva International
• Tony Buckle resigns from Swiss Re Corporate
Solutions to join RSA
• Zuzana Belfron leaves Inter Hannover to join Aviva
International
UK CASUALTY
• Richard Loader leaves Aspen and joins syndicate
DLP 2525
• Richard Frost leaves Aspen and joins syndicate
DLP 2525
• Colin Lavey leaves RSA and joins HDI Gerling
• David Maynard leaves Navigators and joins AXA
Global
• Thomas Most leaves C V Starr
• Tom Smith leaves MS Amlin Syndicate 2001 and
joins Navigators
• Mark Hill leaves Ironshore and joins Everest
Insurance as Head of North American Excess
Liability
• Nick Bennison joins Channel Syndicate as class
underwriter for Environmental Impairment
• Pete Graham leaves MS Amlin Syndicate 2001
and joins Ironshore Europe
• David Cuttmore leaves Munich Re and joins MS
Amlin Syndicate 2001
• Anna Bennett leaves Zurich and joins QBE Europe
• Wayne Harrington leaves Navigators and joins
CFC Underwriting
• Birgit Biondi Head of Casualty for Europe and
South America, relocates from Munich to London
• Nick Mortimer leaves Greenlight to join Aspen
Insurance UK
• Ashley Moulton leaves QBE Europe and joins
CFC Underwriting as Life Science Development
Underwriter
• Nathalie Bellis leave QBE Europe and joins AIG
• James Thompson leaves APC Underwriting and
joins AIG
• Shawn Wilkinson leaves AIG and joins MS Amlin
• Steve Palmer leaves Novae Syndicate and joins QBE
Europe
• Bob Patten joins Hamilton Syndicate
• Richard Wynn leaves Nexus Underwriting
• Andrew Pooley joins Liberty Specialty Markets
• Imogen Bland leaves QBE Europe to join Aviva
UK TERRORISM
• Jonathan Powell leaves Acappella Syndicate to join
CNA Hardy Syndicate
• Louise Bessant (previously CNA Hardy Syndicate)
joins Acappella Syndicate
• James Hannan leaves Antares Syndicate to join
Starstone Syndicate
• Amy Henry leaves Antares Syndicate to join
Starstone Syndicate
• Gregg McPhee leaves Neon Syndicate
• Jennie Beard leaves Canopius Syndicate to join
Liberty Syndicate
• Chris King joins Apollo Syndicate as Head of Crisis
Management
• Brian Stonehill leaves CNA Hardy Syndicate
• Wesley Selwyn leaves Beazley Syndicate to join
Antares Syndicate
• Tom Goodman leaves Standard Syndicate to join XL
Catlin Syndicate
• Ed Roffey joins Hamilton Syndicate from Willis
Towers Watson
UK CYBER
• Robert Hannigan joins Hiscox Syndicate from GCHQ
• Alec Jomaa leaves CFC Underwriting to join Tokio
Marine Kiln
• Aspen name Josh Ladeau as Global Cyber Team
Leader
• AIG appoint Justyn Hardcastle from Tokio Marine
Kiln
• Lydia Lambert joins AIG as Junior Underwriter
• Philippa Berry leaves Aspen to join the CFC
Corporate Team
• Raheila Nazir has resigned from Aspen
• Junior Garber joins Tokio Marine Kiln as an
Underwriting Assistant
• Josephine Tam joins the CFC FI Underwriting team
• Yogesh Virji is appointed by AGCS to lead UK Cyber
team
• Hui Yu leaves London MGA Principia to join ACGS
Cyber team as an Underwriter
ASIA PACIFIC – ALL CLASSES
• Lee Vanderson CUO for Ascot Underwriting in
Singapore has resigned
• Celine Ang joins Munich Re as Head of Asia from
Euler Hermes
• Jonathan Ranger has resigned from his position as
CEO of Munich Re Syndicate Singapore
• Edward Rayfield moves from Chubb Australia to
Singapore as Head of Casualty
• Jon Gilliot leaves Ascot Underwriting
• Lilian Soong leaves XL Catlin to join AXA
• Todd Wilhelm leaves QBE to join XL Catlin as
Regional Product Leader Asia Pacific.
• Mei Xia Woo leaves Trans Re to join AXA
• Brett Davey leaves AWAC Singapore
• Steve Hatton joins Beazley Terrorism Team
• Ivan Chan leaves Argo Global Singapore
• John McCully is appointed Head of Property, Energy
and Technical Risks for Zurich APAC
• Alex Howell leaves Swiss Re to join Zurich as new
Business Head of Downstream Energy
• James Townley has relocated from Sompo Canopius
London to Sompo Singapore
• Frank Howell and Chris Rummery set up MGA
RedRay in Singapore backed by AmTrust
• Joe Wee leaves Talbot Singapore for Zurich
Singapore
• Boon Soon Koh leaves Allied World Singapore to join
Trans Re
• Neal Thomas joins Amlin Singapore
• Robert Walpole appointed Head of Property Asia for
Allied World, based in HK
• Karen Chin leaves Zurich Singapore for Swiss Re
CORSO
• Falko Schwätter joins Munich Re Singapore from
Market Movements
Munich Re Australia (Sydney)
• Adi Salleh joins Samsung Re Singapore from
Samsung Re Korea
• Fay Cho moves to Korean Re Singapore from Korean
Re, Korea
• Ben Morris leaves Argo Singapore
• Jun Lee leaves Zurich Singapore for QBE Singapore
• Sihao Wu leaves Chubb Singapore
• Ben Schindler leaves Gen Re
• Raymond Chai joins Axa Singapore from Axa Hong
Kong
• Andrew Crampton leaves Kuwait Re for Woodleigh
Underwriting.
• Kugan Sethuraman leaves Hannover Re KL for
Berkshire Hathaway
• Ibrahim Ismail retires from Starr International KL
• Laura Clarke moves from AWAC London to AWAC
Singapore
• Gerrie Johnson leaves AIG Sydney to join Talbot
Australia
• Pete Cowan leaves Chubb Sydney to join AIG
Sydney
• Spencer Pimley leaves CGU Sydney to return to the
UK
• Dwight McPherson leaves QBE Sydney
• Michael O’Leary relocates from Chubb Sydney to
Chubb New York
• Cara Doherty leaves Chubb Sydney to join Berkshire
Hathaway
• Paul Nangle leaves Berkshire Hathaway to join
Liberty
• Addy Sharma leaves Vero Sydney to join AFM
• Stuart Kerr moves from CHUBB Australia to
Singapore as Head of Casualty Asia Pacific
• Chris Gough moves from CHUBB Singapore
to CHUBB Australia as Head of Casualty, while
retaining Asia Pacific Head of Workers Comp
• Jarrod Hill becomes Country Head and President for
Chubb Australia/New Zealand
• Ben Carey Chubb Singapore is relocating to Chubb
NY Head of Accident & Health
• John French (Chubb ANZ) becomes SVP Head of
Broker Distribution Asia Pacific
• Cameron Hill leaves XL Catlin to join Liberty Australia
• Alison Percival leaves Chubb Sydney to join Arch
Australia Lloyds as Regional Manager Financial Lines
• Mark Shepard leaves Chubb Perth to join Berkshire
Hathaway Perth
• Paul Lacey joins Hannover Re Sydney
• Justin O’Brien has left Allianz Sydney for Gen Re
Sydney
• Stephen Hunter – National Professional Lines
Manager CGU is on gardening leave. (re-structure
at CGU)
• Ben Patrick leaves CGU in Perth following a
restructure.
• Richard Chien leaves Swiss Re Hong Kong to join
Taiping Re
• Clyde Chan leaves Swiss Re Singapore to join Hardy
• Andrew Page moves from Beazley Singapore to
return to Beazley London
• Frank Fok leaves Samsung to join Helvetia
• Karen Chin leaves Zurich to join Swiss Re
• Gerald MacDonald leaves Aspen Re
• Lee Ting Tong leaves Aspen RE
• Susan Lim leaves Chubb Singapore
• Victoria Phillips joins Canopius in Singapore as an
Energy Underwriter
• Aaron Gavin leaves Allianz to join QBE as Head of
SME for Australia and NZ
• Tim Powell of XL Catlin Sydney is promoted to
Global CUO for XL Catlin and will be based in
London
• Max Broodryk has left Allianz to join XL Catlin
as product leader of Cyber risk, & International
Financial Lines for Asia Pacific, based in Sydney
• Justin Senior joins Hannover Re Sydney
• Kirk Populin has resigned from Chubb Melbourne
Your contacts at JLT FAC London
Vanessa Macdonald-Smith Maria Padilla Machin
Chief Executive Officer Partner
Mobile +44 7768 555 946 Mobile +44 7717 700 554
Direct +44 20 7886 5655 Direct +44 20 7528 4490
vanessa.macdonald-smith@jltfac.com maria.padillamachin@jltfac.com
Jason Savage Ross Beeden
Partner Partner
Mobile +44 7917 628 099 Mobile +44 7469 376 922
Direct +44 20 7466 6212 Direct +44 20 7466 6244
jason.savage@jltfac.com ross.beeden@jltfac.com
Nick Smith David Wicks
Partner Partner
Mobile +44 7917 084 378 Mobile +44 7956 047 396
Direct +44 20 7466 6296 Direct +44 20 7528 4334
nick.smith@jltfac.com david.wicks@jltfac.com
Simon Richardson Mark Leonard
Partner Partner
Mobile +44 7723 522 654 Mobile +44 7810 527 469
Direct +44 20 7466 6266 Direct +44 20 7309 8371
simon.richardson@jltfac.com mark.leonard@jltfac.com
Julia Moretti James Kelly
Partner Partner
Mobile +44 7557 849333 Mobile +44 7468 700 770
Direct +44 20 7528 4686 Direct +44 20 7528 4687
julia.moretti@jltfac.com james.kelly@jltfac.com
Lee Horne Richard Penrose
Partner Associate
Mobile +44 7880 015 145 Mobile +44 7469 376 222
Direct +44 20 7466 6919 Direct +44 20 7466 6299
lee.horne@jltfac.com richard.penrose@jltfac.com
James Ashworth James Calmeyer
Associate Associate
Mobile +44 7826 922 233 Mobile +44 7557 205 389
Direct +44 20 7466 6490 Direct +44 20 7466 6986
james.ashworth@jltfac.com james.calmeyer@jltfac.com
Pilar Villanueva Karen Ward
Associate Associate
Mobile +44 7342 082 444 Mobile +44 7771 973 925
Direct +44 20 7466 5224 Direct +44 20 7466 6988
pilar.villanuevarozas@jltfac.com karen.ward@jltfac.com
Simon Field Tom Jakob
Associate Broker
Mobile +44 7384 456 872 Mobile +44 7795 857 001
Direct +44 20 7459 5502 Direct +44 20 7466 6203
simon.field@jltfac.com tom.jakob@jltfac.com
Matt Mackay James Floyd
Broker Broker
Mobile +44 7557 365 812 Mobile +44 7717 654 304
Direct +44 20 7466 1410 Direct +44 20 7466 6243
matthew.mackay@jltfac.com james.floyd@jltfac.com
Charlotte Murphy Lee Benson
Broker Account Executive
Mobile +44 7875 375 458 Mobile +44 7387 259 222
Direct +44 20 7466 6253 Direct +44 20 7466 6985
charlotte.murphy@jltfac.com lee.benson@jltfac.com
Harry Moseley Edward Nott
Account Handler Account Handler
Mobile +44 7894 202 910 Mobile: +44 7941 076 385
Direct +44 20 7528 4811 Direct Dial: +44 20 7466 6936
harry.moseley@jltfac.com edward.nott@jltfac.com

William Player Emma Button

Account Handler Personal Assistant
Mobile +44 7930 638 607 Direct +44 20 7588 3132
Direct +44 20 7466 6981 emma.button@jltfac.com
william.player@jltfac.com

JLT Fac is a trading name of JLT Reinsurance Brokers Limited. Lloyd’s Broker, Authorised and regulated by the
Financial Conduct Authority. A member of the Jardine Lloyd Thompson Group, Registered Office: The St Botolph Building,
138 Houndsditch London EC3A 7AW. Registered in England No. 05523613.
© February 2018 276471