In his new role, Morrison will support Acrisure’s in-house U.S. delegated underwriting team, a key client for Acrisure Re through its growing program portfolio. He will lead initiatives to strengthen and expand carrier and reinsurer partnerships while advancing program development across the company.

Working closely with business leaders, he will also help deliver portfolio and bespoke re/insurance solutions that align with Acrisure Re’s growth strategy and its commitment to innovation and strong partnerships.

Based in New York, Morrison will report to Michael Cross, President, Acrisure Re North America.

Morrison joins Acrisure Re from Millennial Specialty Solutions (MSI), where he most recently served as Director, Capacity Solutions, managing all insurance and reinsurance relationships across MSI and its subsidiaries.

Prior to that, he spent four years at Trisura Specialty Insurance Company, most recently as Senior Program Underwriter & Financial Analyst.

Michael Cross, President, Acrisure Re North America, said, “We’re delighted to welcome Dan to Acrisure Re. His depth of experience and leadership in client management and program development make him an outstanding addition to our team. Dan’s appointment reinforces our commitment to supporting Acrisure’s growth ambitions and delivering innovative, high-quality reinsurance solutions that create long-term value for our partners.”

Morrison added, “Acrisure Re’s business has experienced impressive growth, and I’m thrilled to be joining the team during such an exciting time. The firm’s talented employees and strong client relationships provide a powerful platform for continued success, and I look forward to contributing to its next phase of growth.”

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Her appointment coincides with the official launch of the Acrisure brand in Brazil, and marks Acrisure Re’s first investment in Latin America, highlighting its commitment to strengthening its reinsurance presence in the region.

In her new role, Ximenez will report directly to Thomaz Menezes, CEO of Acrisure Brasil. Her responsibilities will include establishing Acrisure Re’s local operations, developing its facultative reinsurance strategy, and collaborating closely with retail P&C business leaders throughout the region.

Additionally, she will also serve on the executive committee of Acrisure Brasil.

Ximenez brings over 15 years of industry experience to her new position, having most recently served as Placement Director at Lockton.

Before this, she held senior positions as P&C Director at JLT Re and Facultative Underwriter at Odyssey Reinsurance.

“Isabella’s experience and leadership will be instrumental as we establish Acrisure Re Brasil and expand our facultative reinsurance offering across Latin America,” said Thomaz Menezes. “This appointment reflects our long-term commitment to the region and our confidence in Isabella’s ability to build a strong foundation for growth.”

Ximenez added: “I am thrilled to join Acrisure Re Brasil at such a pivotal moment in its growth. With a clear vision for facultative reinsurance, we are uniquely positioned to deliver innovative solutions and long-term value to clients across Latin America. I look forward to collaborating with Thomaz and the global team to build a strong and impactful business in the region.”

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AcrisureIQ PRO becomes part of AcrisureIQ, the firm’s proprietary analytics platform built to convert data into practical insights.

The AcrisureIQ platform consists of four separate tools. AcrisureIQ PRO is designed for evaluating business segments, reviewing portfolios, and comparing reinsurance structures.

AcrisureIQ Score uses predictive analytics and machine learning to support underwriting decisions.

AcrisureIQ Respond provides information during natural catastrophe events such as hurricanes, floods, and wildfires. AcrisureIQ Spatial, built on SpatialKey technology, presents exposure data through geographic visualisation.

Ming Li, Global Head of CAT at Acrisure Re, commented: “The launch of AcrisureIQ PRO marks an important step forward in our analytics and catastrophe modeling capabilities. By integrating predictive tools, geospatial analysis, and real-time event response, we’re giving clients actionable intelligence that directly informs better risk transfer and portfolio management decisions.”

Simon Hedley, CEO of Acrisure Re, added: “With AcrisureIQ, we’re equipping clients with a comprehensive suite of analytical tools that goes beyond data reporting. It’s about delivering meaningful insights that strengthen their ability to manage risk, make confident decisions, and achieve stronger results in an increasingly complex market.”

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Souza will continue to report to Marc Piccione, Partner and Managing Director of the New York office. Mark Hargreaves, Senior Vice President, also based in San Francisco, will also have a key role in the growth of the California platform.

Souza, who has been with Acrisure Re since 2016, will maintain his leadership responsibilities in New York. Working closely with Piccione, he will ensure seamless collaboration between both offices.

His new position reflects his proven leadership and Acrisure Re’s ongoing commitment to developing high-growth regional markets, the firm highlighted.

Commenting on the strategic move, Simon Hedley, CEO of Acrisure Re, said: “California offers a significant opportunity for new treaty business and deeper collaboration with the Acrisure West Coast network.

“It is great to have Danny leading this effort, and this marks an exciting step in our North American expansion.”

Piccione added: “Danny has been an exceptional partner in the growth of our New York platform, and I’m looking forward to our continued collaboration as he leads our California expansion.

“With both Danny and Mark on the ground, we’re well-positioned to serve clients across the West Coast with the same level of expertise and commitment.”

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In its annual Pre-Season Hurricane Outlook, Acrisure Re noted that Atlantic Sea Surface Temperatures (SSTs) in key storm regions are cooler than in 2024, which may help reduce activity, though they remain above average.

The El Niño-Southern Oscillation (ENSO) is predicted to be neutral, suggesting a likelihood of hurricane-suppressing wind shear.

Meanwhile, conditions in the Sahel region are close to average, making it unlikely that Saharan dust will significantly suppress hurricane activity.

Overall, statistical and dynamical models—along with a review of key environmental variables—point to a slightly above-average hurricane season in 2025.

This year’s forecast carries greater uncertainty, as no single factor is expected to dominate. If the Atlantic is warmer than anticipated and the tropical Pacific transitions to a La Nina phase, it could lead to a more active season with the oceanic conditions synchronising, as they did in 2024. Alternatively, if the Atlantic is cooler than expected and the ENSO phase remains neutral, it could lead to a below-average season.

As a reminder, the active 2024 season saw five major hurricanes, including Helene and Milton, which caused a combined economic loss exceeding $110 billion and around $40 billion in estimated insured losses.

Acrisure Re noted that the reinsurance industry is now in a much stronger position to absorb major events like Helene and Milton, due to several years of market hardening and improved terms and conditions.

The report highlighted that reinsurance capital is at an all-time high. Reinsurers’ composite returns on capital exceed the cost of capital, further supported by strong investment income. Currently, capital supply in the reinsurance market exceeds demand.

Simon Hedley, CEO, Acrisure Re, said, “The January 2025 renewal season saw US property catastrophe reinsurance rates decline by 5% to 15% on a risk adjusted basis. Mid-year Florida renewals also saw rates decline even further from last year. Looking ahead to the 2026 renewals, much will depend on weather activity. As always, Acrisure Re will be monitoring the tropics and providing real-time updates both before and after any potential events using our suite of tools and analytics.”

Ming Li, Partner and Global Head of Catastrophe Modelling, Acrisure Re, added, “Current indicators, including above-average Atlantic Sea surface temperatures and a projected neutral ENSO phase, point to an average to slightly above-average North Atlantic hurricane season in 2025. As these conditions continue to develop, Acrisure Re is closely watching the data to help clients prepare and respond with greater precision and confidence.”

Looking ahead to the 2026 renewals, Acrisure Re said that a quiet hurricane season would likely place further downward pressure on rates, given the abundant capital and increasing reinsurer appetite for property catastrophe risk.

The market appears well-positioned to manage a slightly above-average hurricane season, even amid earlier impacts from the California wildfires and a highly active severe convective storm season, the company said.

However, an exceptionally active hurricane season would likely place meaningful pressure on the balance between capital supply and reinsurance demand.

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Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North America, Romeo has been tasked with leading Acrisure Re’s Bermuda team to scale the business, enhance client service capabilities, and build a high-performing team of forward-thinking professionals.

His leadership is expected to significantly accelerate Acrisure Re’s ambitions on the Island and reinforce its position as a top-tier global reinsurance broker, the firm stated.

Romeo brings to his new rollover two decades of experience across underwriting, analytics, and portfolio management.

He is joining Acrisure Re from Aon, where he served as CEO of Aon Reinsurance Solutions, Bermuda. His prior roles include senior leadership positions at AXIS Capital, PartnerRe, Flagstone Reinsurance Holdings, and XL Group (now AXA XL).

Commenting on his appointment, Romeo said: “Bermuda continues to play a critical role in the global reinsurance landscape, and I’m pleased to be joining Acrisure Re at a time of strategic focus on the Island.

“The existing team has strong expertise, and I look forward to collaborating with them—and with Barry—to strategically grow the portfolio and provide clients with tailored, analytics-driven solutions.”

Acrisure Re is also further strengthening its Bermuda presence with the appointment of Barry Gordon as Senior Vice President, ILW, effective April 15.

Based in Bermuda, Gordon will be reporting to Romeo and will be responsible for trading ILWs as part of an indexed based product suite.

The executive is joining the company from Aon, where he most recently served as Vice President, ILW. Gordon brings deep expertise in Industry Loss Warranties (ILWs), alongside broader experience in retrocession and reinsurance.

Simon Hedley, CEO, Acrisure Re Group, commented: “The hiring of Roman represents a major milestone in Acrisure Re’s commitment to expanding its footprint and deepening its influence in the Bermuda market.

“His industry expertise, leadership acumen, and deep-rooted relationships on the Island will open countless doors and drive enormous value for our clients and partners. With Barry also joining the team, we are building a world-class platform that will firmly cement Acrisure Re’s standing in the market.”

Paul Scope, CEO, Acrisure Bermuda, added: “Bermuda remains an important market, and Acrisure’s decision to further invest here is both strategic and important. Roman’s appointment, alongside Barry’s, is a powerful signal of our intent to grow thoughtfully and meaningfully. I look forward to working alongside them and seeing the impact they will make in the months and years ahead.”

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The appointments include: Lauren Johnson, Head of Funds at Lloyd’s (FAL); Assad Negyal, Head of Pricing; David Ryan, Head of Exposure Management; and Lucas He, VP, Retrospective Solutions.

All appointments will report to Ben Canagaretna, Global Managing Director of ARCAS, who commented: “At ARCAS, we pride ourselves on providing genuine value-added services to clients through a team of leading subject matter experts. We continue to see immense opportunity in the Lloyd’s FAL market and have grown in this space to become one of the largest managers of third-party funds at Lloyd’s.

“As the market becomes more sophisticated, pricing and exposure management capabilities are a key differentiator, particularly for new entrants who are looking for guidance as they go through the maturity levels within the Lloyd’s framework. I look forward to working with our team to further enhance our capabilities.”

Johnson returned to ARCAS’s London team as Head of FAL after an 18-month stint at Wakam. She will lead the division’s growing Lloyd’s FAL capability, a key area of growth for the company.

The executive was previously a Vice President at ARCAS in 2021, and prior to that spent six years as Head of Lloyd’s and specialty analytics at Securis Investment Partners.

Negyal, who will be based in London, joined ARCAS in January as a pricing actuary. The executive has a long career history in the insurance industry, having held similar positions at Starr Insurance, Chubb Europe, Zurich Financial Services, Barbican, Odyssey Re and Lloyd’s.

Ryan, who has over 15 years of experience in the exposure management sector, joined the ARCAS London office in late 2024 to lead the exposure management team. He previously held similar positions at Talbot, Lloyd’s, and Willis Re.

Finally, He joined ARCAS in London in February to support the retrospective solutions offering. The executive brings several years of legacy and M&A experience, having previously worked at R&Q as a VP in the M&A division.

He previously served as a legacy M&A and actuarial specialist at Catalina. Before that, he held corporate development and M&A positions at Antares Reinsurance and JLT, respectively.

Simon Hedley, CEO of Acrisure Re, said: “I am very pleased with the successful development of the ARCAS team. Ben’s keen focus on aligning hiring with market opportunities has been key to our success, and the addition of Lauren, Assad, David, and Lucas will enhance our growth and product development initiatives I look forward to working with them and welcoming them to Acrisure Re.”

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He succeeds John Sutton, who will transition into a new role as a consultant, providing strategic guidance to the ALW management team. Quy will report to Simon Hedley, Global Chief Executive Officer (CEO) of Acrisure Re.

Quy’s remit includes leading ALW’s overall business strategy, and collaborating closely with Acrisure’s senior leaders to identify growth opportunities and expand product offerings and solutions.

Additionally, he will focus on enhancing the existing team while continuing to attract top talent.

Quy with over 17 years of industry experience, joined ALW in 2019 as Senior Vice President, shortly after the London Wholesale business launched in 2018. He played a pivotal role in building ALW’s cyber wholesale practice and later launched Acrisure Re’s cyber reinsurance division, becoming the cyber practice leader.

He has previously held senior roles at Miller, Paragon International, and began his career at THB Group.

Hedley commented, “I want to extend my heartfelt gratitude to John for his exceptional leadership, dedication, and the vision that led to the establishment of ALW. His efforts in founding and growing the business have been instrumental to its success, and we are fortunate to continue benefiting from his expertise in a consultancy capacity.

“Tom steps into this leadership role with a wealth of experience, deep market knowledge, and strong client relationships. I am confident in his ability to guide ALW into its next chapter as we expand our capabilities, grow our team, and pursue new opportunities in the London wholesale market.”

Quy added, “I am honoured to step into the role of Managing Director at ALW. It has been an incredible journey working alongside such a talented team, and I am excited to build on the strong foundation we have established under John’s leadership. I look forward to driving continued growth and delivering even greater value to our clients while upholding the high standards and innovative spirit that defines ALW.”

Sutton concluded, “I joined Acrisure in 2018 with a clear mission to establish and grow the wholesale business. Since then, our team has grown exponentially, and we’ve built a dynamic team where experienced producers and practitioners work alongside emerging talent. Tom has exceptional leadership skills and has been a key part of our success and I am proud to pass the baton to a new generation of leadership at ALW.”

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Sharpe has a reporting line to David Sowrey, Managing Director of Acrisure Re’s International Treaty business.

His remit will include a focus on driving the growth and development of the international property and specialty reinsurance portfolio.

Sharpe brings over two decades of industry experience, joining from Gallagher Re, where he served as an Executive Director. Before this, he held the same role at Willis Towers Watson for more than nine years.

Sharpe started his career in the ceded Re team at Hiscox before moving on to assistant underwriter roles in the property treaty divisions at XL Re and then at Trans Re.

Sowrey commented, “We are so pleased to welcome Peter to Acrisure Re. His extensive experience and impressive track record in the reinsurance sector make him a valuable addition to our team.

“Peter’s knowledge and insights will undoubtedly contribute to our goal of delivering innovative and bespoke solutions to our clients as we expand our international presence.”

Sharpe added, “I’m excited to join Acrisure Re at such a dynamic time. The team’s experience, market knowledge, and client-centric approach made this an ideal opportunity for me. I look forward to working with David and the broader team to develop further and grow the international property and specialty portfolio.”

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Both leaders are based in London and will continue to report directly to CEO, Simon Hedley, who commented, “These strategic appointments are designed to sharpen our focus on our continued growth and strengthen our partnerships with key clients and markets, further leveraging Acrisure Group’s relationships.

“David and Nigel’s leadership will be crucial as we continue our extraordinary global growth and success.

“I look forward to continuing our collaboration as we strive to further expand our international reinsurance capabilities and offerings, reaching new heights together.”

As Managing Director of the International Treaty division, Sowrey will continue to lead the reinsurance broking operations.

Since joining Acrisure Re in 2012, Sowrey has reportedly been key in expanding the London platform. He has also been involved in the development and placement of treaty reinsurance, Lloyd’s consortia and MGAs.

Meanwhile, as Chairman of Acrisure Re’s International Treaty business, Dane will focus on developing and strengthening relationships with new and existing clients and markets, further enhancing Acrisure Re’s partnerships with large and important cedants and reinsurers.

Dane has been with Acrisure Re since 2002, when he established and led the London office. Collectively, he holds over 40 years of re/insurance industry expertise.

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