-
The former reinsurance CEO had previously parted ways with Bob Cooney after working together on a reinsurer start-up last year. -
Shabnam Ahmed joined the firm in October 2020 to build up its portfolio and train junior underwriters.
-
The carrier estimated losing less than $10mn of desired renewals due to exits from property and property cat reinsurance.
-
The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.
-
The carrier also secured risk-adjusted rate increases of 19% across its portfolio at 1 January.
-
The company's portion of net written premiums from Fidelis is expected to be around $550mn to $600mn for the full year.
-
The former Lancashire treaty underwriter had worked at the ILS platform since October 2021.
-
The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.
-
Beazley’s bond was hailed as a “great first step” but challenges remain, although others are already working on narrower cloud outage transactions.
-
Louisiana governor John Bel Edwards, state insurance commissioner Jim Donelon, and legislative leadership are in discussions about a potential special session.
-
The broker said cedants will return for extra property cover after a tough 1.1.
-
This takes its ex-Florida cat losses since the start of its reinsurance annual risk period in April above $2bn.
