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The (re)insurer placed a new $100mn enterprise cover, ahead of the $350mn bond elapsing. -
The deal will generate proceeds of more than $1.5bn for the Karfunkel family and including a dividend is pitched at 69 percent more than Tuesday's close.
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The research team increased its estimate for named storms in 2020 from 19 to 20.
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The deal marks the MGA’s first foray into assuming underwriting risk.
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Property BI claims appear well below treaty reinsurance triggers.
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Joe Jackson becomes the latest in a line of retro or reinsurance brokers to transfer to the smaller intermediary.
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The insurance industry's early victory could set a precedent for the many pandemic-related disputes in train.
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The estimate marks a 19 percent deterioration on a February forecast.
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The interim CEO said this marks a new era for the utility firm.
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The deal settled at the low end of the revised spread guidance.
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His departure marks the fifth senior retro broker to leave Aon in recent weeks.
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Willis Re's head of international says clear reinsurance rating momentum falls short of being a true hard market phase.
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