Casualty/GL
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Social inflation is not just a Florida issue – it's also top of mind in the casualty market.
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We've been talking about the reinsurance market being the “squeezed middle” caught in between accelerating primary and retro markets for some time, but could Neon be the first casualty of collateral damage from this phenomenon?
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Terry Ledbetter will be replaced by president Matthew Freeman from 1 January 2020.
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Amid the information overload of results season, “man-made catastrophes” appear to be the main emerging theme – albeit manifesting in two very different ways.
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All the reinsurers want to grow and some leaders continue to pursue growth very aggressively, according to the Scor boss.
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The reinsurer’s balance sheet strength and parental support were among the factors cited by the ratings agency in its decision.
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The Bermudian alternative asset manager has named Validus' Jeff Sangster as partner, CFO and head of strategy.
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The ILS platform’s chief operating officer had helped drive growth to $1.5bn assets under management.
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The start-up is the first Insurtech to be listed as a member of the new block chain initiative.
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RenaissanceRe’s funds platform has taken significant losses.
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Merion Square will invest in property and casualty insurance, annuities and mortality-related ILS products.
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The insurer is understood to be exploring the possibility of claiming the Camp Fire as two separate events as it looks to maximise reinsurance recoveries.