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Scor sought higher-priced agg cover, but Munich Re achieved below-average uplift on its occurrence treaty. -
As part of the deal Pelican Ventures and JC Flowers will provide capital for 2021 onwards, with Argo maintaining responsibility for years prior.
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The subsidiary was formed in the summer and is deploying capital from the sale of Maison.
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The investment consortium has also finalized an operational partnership with Apollo Syndicate Management.
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Former Canopius marine treaty head Andrew Gladwin becomes CEO of the British entity.
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Suncorp, IAG and QBE reinsurers could face significant recoveries after a landmark court ruling.
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Ada Capital will underwrite on behalf of new special purpose insurer Ada Re.
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The three director changes fall short of a proposal by former bidders Senator and Cannae.
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The carrier seeks to address potential BI liabilities following a court ruling.
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A fresh BI ruling in Australia this week highlighted the industry's reason for caution over Covid exposure as legal actions continue.
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Retro deals make up a third of this year's volumes, versus a quarter in 2019.
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Palmieri replaces Jon Springer, who will remain on the insurer’s board of directors.
