Casualty/GL
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The Convex CEO reiterates his prediction of a potential $200bn casualty-reserving deficit and anticipates a similar amount of Covid claims. -
The start-up adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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The new classification will allow the carrier to increase GWP and third-party risk.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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Former Canopius marine treaty head Andrew Gladwin becomes CEO of the British entity.
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Nearly 80% of respondents said underwriting capacity decreased in the quarter.
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The reinsurers point to falling interest rates and loss experience as the basis for further hardening.
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The reinsurance CEO says Swiss Re will cut back its US casualty share.
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The executive will work alongside outgoing chief Richard Pryce for the next few months.
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The Samir Shah-led firm has transferred risks for more than 15 MGAs.
