Arch Capital

The slowdown was based on a conviction of “higher likelihood of frequency events” this year.

The cover will include the 50 US states, District of Columbia and Canada.

The cover will include the 50 US states, District of Columbia and Canada.

The bond is trading at 70c-75c in the dollar in the secondary market.

The bond is seeking per occurrence, state-weighted industry loss-based coverage.

He joins from Aeolus Capital, where he spent more than four years as a client portfolio manager.

Habay oversaw the wind-down of AQR Capital’s reinsurance business in 2015.

The ILS cedants will receive “substantially decreased” S&P capital relief following the criteria changes, Arch said.

In addition, Arch Re global CUO Pierre Jal moved to Zurich to take over as Europe CUO, while president Matthew Dragonetti expanded his scope to lead client-centric initiatives.

Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.

Early private deals have provided far more stability in this year’s renewal than last.

Early reporters emphasised an ongoing demand for structural change.