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In 2021, the US-Bermudian reinsurance composite’s combined ratio improved six points YoY. -
Cyber risk ILS will grow slowly in the short-to-medium term, S&P Global Ratings has predicted.
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The Sompo International company was placed into run-off in June 2019.
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The broker said EPS estimates for 2023 were broadly flat due to inflation fears.
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It is understood that the company is being advised by boutique investment bank/broking firm Stonybrook and TigerRisk Capital Markets.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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The guaranty association’s board voted on Friday to extend an existing 0.7% assessment into 2023.
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The ratings agency warns latent exposure to property risk could cause capital deterioration.
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Contasta joins the Connecticut-based reinsurer after over 14 years at Alleghany-owned carrier TransRe.
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The latest estimate is an increase on Perils’ earlier figure of EUR3.6bn.
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New research estimates one in six chance of magnitude 7 or higher eruption this century.
