Allianz

The firm is “far from a start-up” according to head of ILS business Rick Pagnani.

Hyeji Kang succeeds Bernhard Arbogast who is retiring in May 2020.

The firms will back the Heart of Texas development via a “proxy generation swap”.

Just two percent of the insurer’s portfolio has exposure to US risk.

The insurer sounded a cautious note on cyber ILS plans after previously saying it had done some test deals.

The insurer’s chief regions and markets officer says cyber risk could be adapted to allay investor concerns about long-tail exposures.

Bentele was formerly head of global crisis management for the firm.

The maturity dates for Blue Halo Re Series 2016-1 Class A and Resilience Re Series 1861A notes have been extended, according to the Bermuda Stock Exchange.

Grant Maxwell will be responsible for overseeing the underwriting process for Allianz Risk Transfer’s capital solutions business as well as portfolio management for ART.

Allianz will participate in Pimco’s new ILS business both as an underwriter and an investor in its ILS funds, a spokesperson said.

A large reinsurer is looking at launching an ILS fronting business to fill the gap left by the pending departure from the space of Tokio Millennium Re.

People moves in the industry in the past month.