Mt Logan
-
This is the first time premium income has outpaced claims in three years. -
The Everest Re sidecar assumed $79.5mn of losses after Dorian and Faxai hits, up from $29mn in the same quarter last year.
-
The Everest Re sidecar shrank by $6mn, as the carrier fell to an underwriting loss for the quarter.
-
The sidecar’s 53 percent loss ratio was well below last year’s huge claims hit.
-
“We're not trying to grow for the sake of growing,” Everest Re’s reinsurance chief executive John Doucette told analysts yesterday.
-
-
The Everest Re group member has been hit by the departure of CEO Rick Pagnani and chief operating officer Michael Beck over the last year.
-
Losses taken by the Everest Re sidecar more than doubled year on year.
-
Mt Logan Re joins AlphaCat to manage the Australian asset manager’s $560mn ILS investments.
-
Juan Prado was previously a senior vice president at RenaissanceRe Ventures.
-
The sidecar’s cat claims came in just under the $323.7mn level recorded in 2017.
-
At $1.05bn, the Everest Re sidecar has remained stable throughout 2018.
Most Recent
-
Fidelis seeking $300mn of named storm and quake coverage
25 November 2024 -
US carriers target cat bond market as deal multiples hold up
25 November 2024 -
Oak Re secures Bain Capital as minority backer ahead of 1.1 launch
25 November 2024 -
ILS market sizing Hurricane Milton losses at around $20bn
25 November 2024 -
GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%
22 November 2024