-
This came after the firm said it had begun the process of moving its US E&S business off its Lloyd’s paper as it sets up a new E&S carrier. -
The carrier said a greater number than usual of North Atlantic storms are possible despite El Niño conditions.
-
The firm had earlier noted that the cat bond coverage would kick in if the PCS industry loss number reached $48bn.
-
The carrier reported a 66% increase in GWP for its property business.
-
Kattan’s role will include establishing the strategy and structure of SiriusPoint’s global ceded reinsurance function, managing the ceded team based in Stockholm and overseeing all reinsurance placements.
-
The CEO said Chubb has ‘never seen better pricing’ on primary property.
-
The reinsurer said it was monitoring conditions in the property E&S markets, where it has been reducing capacity to grow in property treaty, as rate gains could provide fertile ground for future growth.
-
The reinsurer’s ILS vehicles delivered returns of $174.9mn to investors during the quarter, with improved returns from PGGM joint venture Vermeer and the Medici cat bond fund.
-
The obvious question is where is the capital behind the letters of credit that were being pledged on its transactions.
-
Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.
-
The company’s targeted Vescor cat bond would have provided collateral to meet auto and other obligations, but there were multiple structural points of risk for investors.
-
The fronting company said impairment to Vesttoo’s LoC collateral will be "immaterial".
