Property
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The total economic cost from the catastrophe is estimated to be EUR9bn. -
CEO Wagstaff said the LMG must "compete with other markets".
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Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
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The carrier reported 1 April price increases of 3.2%.
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The capital will be deployed by Bermuda-based special purpose insurer Arachne.
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Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
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The pension fund’s ILS allocation as of the end of 2023 was CHF300.3mn ($356.8mn).
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The firm said it expects Capital Partners to continue to grow.
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Performance fees soared by 605% to $27.5mn from $3.9mn in Q1 2023.
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Vincent Pomo spent more than 11 years at Everest Re in a variety of roles.
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The firm expects pricing and terms and conditions to hold.
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The awards event will be held on 27 June at The HAC, London.
