Casualty/GL
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The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups. -
Amy Stern started her career as vice president of group reinsurance at Zurich Re.
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Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
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The former Ledger director was joined by fellow ex-Ledger employees to “hit the ground running”.
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The firm said it was poised to build on ‘significant growth’ in 2023.
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The firm reallocated from short-tail lines amid social inflation concerns.
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The ILS allocator has invested in the asset class over 17 years.
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The hire has 20 years’ experience in asset management and corporate finance.
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The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
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The broker said global cat rates rose 3% in the 1 January reinsurance renewals.
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Reinsurers are making some adjustments to secure target signings but appetite to grow is finely balanced.
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Fish Bond Re will provide coverage for any named storm in Texas on an indemnity, per-occurrence basis.
