PartnerRe

The reinsurer’s non-life combined ratio deteriorated to 97.7 percent despite an improvement in P&C results.

The two firms first partnered at the start of this year.

PartnerRe has hired Axis Re’s Jonathan Colello as CEO of its P&C Americas business and president of its US operation.

This is PartnerRe's first longevity reinsurance transaction in Canada.

The reorganisation will see the departure of current chief executive of the division Charles Goldie.

Losses from Hurricane Michael and the California wildfires brought the reinsurer’s non-life combined ratio up to 108.7 percent.

Newer vehicles found it harder to get going as sidecar sponsors struggled to hit their fundraising targets in the January renewals.

The vehicle brings Bermuda-based PartnerRe’s managed third-party capital to $262mn as of January 2019.

Reinsurance buyer preferences may influence the direction of M&A, suggested panellists at the Baden-Baden Guy Carpenter symposium.

The Swedish insurers’ association Svensk Forsakring has estimated the fires that swept through Swedish forests from May to July will lead to insured losses of SEK800mn ($87mn).

Marcus Pollak, who joins from PartnerRe, will lead underwriting process and portfolio management activities for Axis Re.

The carrier also signed up 50 percent more investors during the July renewal.