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One swallow doesn't make a summer, but what do two retro "cashback" transactions portend for hurricane season? -
Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.
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Hannover Re and Fidelis provided significant capacity on the Munich Re-led programme.
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ARPC said the move improves the pool’s capital strength.
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ARPC said the move improves the pool’s capital strength.
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The reinsurer was chasing a high 15% net return target but said lower demand and capital trapping made this unachievable
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The Bermuda-based broker is believed to be heading to Corant along with other hires.
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Some markets on the programme have pushed back on the inclusion of event cancellation exposures.
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A new mandate from an institutional investor has seeded the strategy.
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The capital supports the MGA’s excess retro portfolio.
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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis.
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The broker forecast that this hard market may be more akin to the “discriminate and relatively short-lived" phase following 2005.
