Casualty/GL

The agency said casualty risk was attractive to investors for its low-to-moderate correlation.

It is the reinsurance company’s first entry to the cat bond market.

The reorganisation is one of the first major changes to the reinsurance arm since Nancy Bewlay became CEO of the division.

The firm reserved $40mn for Ukraine, citing ‘small net losses’ in Re & ILS.

Higher interest rates drove investment write-downs that offset a turnaround in underwriting performance after last year’s first quarter was hit by Uri losses.

Mango was a respected industry leader and played a key role in elevating the company’s culture of rigorous risk management.

Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”

The new platform extends RenRe’s suite of ILS and reinsurance strategies.

The executive will oversee management liability, healthcare and casualty/specialty reinsurance.

The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.

Having set up its London Bridge ILS platform, Lloyd’s believes it can leverage its reinsurance-to-close (RITC) mechanism to develop an ILS market for casualty, CFO Burkhard Keese said on a results call yesterday.

The casualty ILS platform said it had handled more money in the past three weeks than in its first three years.