-
The violations included not using propertly appointed adjusters and failing to pay claims. -
A roundup of all the news you need, including Sompo’s acquisition of Aspen.
-
Market participants have until 13 October to provide any comments.
-
A trend towards higher-risk ILW bonds helped keep yields in double-digits despite softer rates.
-
Aspen Capital Markets earned $169mn in fee income in 2024 alone.
-
The firm has also updated the loss-calculation engines of existing Jeannie tools.
-
The CUO has added the role of head of private ILS, joining the executive team.
-
The purchase brings Sompo an established ILS platform as part of the deal.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
The ILS play will make the business more capital efficient under new owner Sixth Street.
-
Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
-
The group claims the White House is undermining disaster preparedness.
