-
The Abu Dhabi investor is exploring options for fresh investments in (re)insurance and ILS. -
This compares to the 2023-2024 tower which covered losses up to $2.83bn.
-
Additional capacity for upper-layer coverage is driving rate reductions, the broker says.
-
The syndicate has appointed former Munich Re active underwriter Stuart Newcombe.
-
The total economic cost from the catastrophe is estimated to be EUR9bn.
-
CEO Wagstaff said the LMG must "compete with other markets".
-
Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
-
-
CFO Dacey said ILS investors were not extrapolating too much emphasis from strong returns in 2023.
-
The capital will be deployed by Bermuda-based special purpose insurer Arachne.
-
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
-
The pension fund’s ILS allocation as of the end of 2023 was CHF300.3mn ($356.8mn).
