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The outcome over the debate on narrowing cat reinsurance coverage will not be an all-or-nothing bet, with all perils deals with exclusions not a polar opposite of named perils coverage. -
The ratings agency said PartnerRe would act as a ‘natural diversifier’ to Covéa’s operations.
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FGF is a reinsurance and asset management holding company focused on collateralised and loss capped reinsurance and merchant banking.
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Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
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The move comes amid a general cutback from reinsurers’ in their cat risk appetite.
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The deal protects the carrier’s capital in the event of large nat-cat or mortality losses.
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Tension is emerging at the reinsurance level over the retrenchment from all-perils coverage, which previously offered ‘sleep-easy protection’.
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A FLOIR arrangement will help Floridians secure homeowners cover during hurricane season.
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The broker said clients can move fast in a harder market but need time to review quotes.
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The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.
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Some firms have fared better than others in the competition to raise funds during the year.
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Outrigger Re will write a quota share of Ark’s Bermuda property treaty book.
