The move follows the recent Ardonagh’ acquisition of Italian broker Mediass, and its acquisition of reinsurance and MGA business Teksure.
The initiative allows brokers in North America to receive exposure data and quantify loss potential, as well as assist risk managers in making better decisions based on the total cost of risk.
In his new role, Scheerer will bring a wealth of experience and expertise to bolster CAC Specialty’s presence in key sectors, such as private equity, real estate, construction and management liability.
The new division will provide solutions and guidance to healthcare providers and their insurers, and provide access to BMS’s broad range of insurance, reinsurance and risk management services and products.
With more than 20 years of underwriting and senior leadership experience, she previously served as executive board member and chief underwriting officer for the property, engineering and marine lines at HDI Global SE.
According to an official statement, the agreement was made during the ninth Working Meeting of Hong Kong-Shanghai Financial Cooperation in Hong Kong as part of a broader pact between the two cities on enhancing financial ties.
DIFC also reported a 20 per cent increase in registration of (re)insurance firms, including the first re-domiciliation of a Guernsey-based captive.
It aims to address investment managers' demand for greater clarity following Solvency II reforms and insurers' increased focus on solvency risk factors.
