The new practice will brings together Marsh's parametric solutions, alternative risk transfer, captives and complex risk offerings.
Harris joined the firm in 2022 as an associate focusing on mining and heavy industry.
The purchase came from Aon’s funds affiliated with NFP’s main capital sponsor Madison Dearborn Partners and with HPS Investment Partners for US$13 billion.
The report also notes that rates continued to be relatively consistent, with most regions experiencing small decreases in the same period.
Vallejo joined Davies in 2015, having served in senior roles in the banking and markets team.
The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.
With 32 years of experience in the captive industry, he has led captive service operations in Bermuda, the Isle of Man and across EMEA.
Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.
