-
Some reinsurers emerged as increasingly positive on the cat space, despite generally subdued risk appetites. -
The Florida senator described the agency’s market influence as “deeply troubling”.
-
The purpose of the agreement is to allow insurers to meet the guidelines set forth by Fannie Mae and Freddie Mac.
-
The start-up’s top team predicted further rate hardening at 1 January.
-
The company aims to run off its cat and property business by 2024.
-
The CEO said reduced ILS appetite was a “net positive” for the carrier.
-
If no action is taken to reduce emissions, costs could soar by 87% in average annual losses to residential properties, JBA Risk Management said.
-
Fee income dropped 24% year on year, as premiums ceded to other strategic partners fell by 7%.
-
In its Q2 earnings call, CEO Kevin O’Donnell said that the company held its PMLs flat while taking the benefit of increased rate.
-
The property reinsurance underwriter had joined Axis Re’s London team three years ago.
-
The firm’s Medici and Fontana vehicles were hit by foreign exchange losses.
-
The company’s property segment booked a combined ratio of 57.6%, 13.8 points higher compared to Q2 2021 due to a higher attritional loss ratio.
