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The carrier also has a $500mn excess $2.4bn aggregate protection. -
The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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The platform will match partner capital to provide capacity for reinsurance placements.
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PFZW’s insurance allocation stood at $8.7bn as of year-end.
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He joins from Pillar Capital and will be based in Bermuda and New York.
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Fermat stayed in the top spot surpassing $10.0bn for the first time.
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Secondary market pricing indicated anticipated California wildfire losses.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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The reinsurer has issued updated pricing for the instrument.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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The reinsurer has made improvements to its life and health segment, it said.
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The industry loss number has increased threefold from an initial $5bn pick.
