-
This will be the third cat bond issuance through Baltic Re PCC. -
The cat bond manager warned of excess downside risk owing to an accumulation of losses.
-
The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
-
The largest individual net loss at EUR230mn was caused by Hurricane Milton.
-
The role will focus on international treaty, specialty lines and strategic advisory.
-
The role oversees the $187bn Canadian pension plan’s ILS allocation.
-
The cost of reinstatement was included in $170mn wildfire net loss figure.
-
The terrorism pool has shifted its programme from facultative to an XoL arrangement.
-
DaVinci equity plus debt stood at $3.25bn as of 31 December.
-
The firm ceded $417mn of premiums to the sidecar in 2024.
-
Wildfire loss ‘serves as a strong reminder not to unwind hard-fought for rates and terms’, the executive said.
-
Scrocca will be based in Bermuda on focus on underwriting and risk sourcing, among other things.
