Casualty/GL
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She succeeds William Mills, who left his role as group head of ceded re and third-party capital for Allianz. -
The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.
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The Bermudian reinsurer said both appointments are effective January 1, 2023.
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Transparency and alignment of interests are the keys to expanding casualty ILS.
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The casualty ILS platform said it now expects to do more secondary transactions.
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The Bermudian’s operating loss per share, however, grew nearly four times from the prior-year quarter to $5.28 per share.
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The company will use the funds to expand its global presence, enhance its marketplace platform and widen its offering.
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The reinsurer said it will look to double rates and retentions and halve the amount of override on casualty quota shares.
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The casualty ILS platform is building out its team following a Series B fundraise.
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The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
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ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.
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Former Natixis banker Alexandre Delacroix will focus on a range of capital market activities.
