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Growth was driven by strong returns and new investors entering the market.
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The rate change will be implemented in November.
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The executive has worked for Scor, RMS, Aon and SiriusPoint, among others.
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Building better exposure datasets could draw a broader range of investors.
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The unit will support Ascot’s third-party capital business.
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Positive cat experience impact of $600mn was offset by $500mn in property and specialty reserves.
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Rising premium income is not keeping pace with the increased cost of claims.
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Winning higher-fee private ILS mandates will strengthen firms’ negotiating positions.
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Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
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The ILS business increased H1 fee income by 13% to $68mn.
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Sidecar vehicles are being tailored to match investors’ objectives.
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The carrier estimates the total industry loss for the Microsoft/CrowdStrike outage at around $1bn-$2bn.