-
The executive joined Citizens as general counsel in June 2021. -
All four of the firm’s key third-party vehicles were profitable in the quarter.
-
This was the highest single-year increase for the US index since 2006.
-
The ratings firm said a proposed scheme is unlikely to be a long-term fix if reinsurance issues remain unresolved.
-
Following recent hurricanes, more than 610,000 residential property claims were filed in the state.
-
The Zurich-based ILS manager has entered a partnership with the new life ILS firm set up by former Securis CUO Paul Whiting.
-
The former reinsurance CEO had previously parted ways with Bob Cooney after working together on a reinsurer start-up last year.
-
Shabnam Ahmed joined the firm in October 2020 to build up its portfolio and train junior underwriters.
-
The carrier estimated losing less than $10mn of desired renewals due to exits from property and property cat reinsurance.
-
The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.
-
More retrocession capacity is likely to be deployed during 2023 as pricing holds up across the primary, reinsurance and retro markets, according to Conduit Re.
-
The carrier also secured risk-adjusted rate increases of 19% across its portfolio at 1 January.
