Re/insurers

A reinsurance panel at Reconnect also called for reform of risk models

Reinsurers with third-party capital platforms said to be well-positioned for a return to growth in alternative capital.

The carriers with the largest Louisiana market shares also ceded more than $100mn to Lloyd’s syndicates during 2020.

The reinsurer has also appointed Greg van der Made as treaty underwriter and David Cary as underwriting manager.

The agency said its rated insurers were well positioned to absorb significant catastrophe losses, as they had generally experienced capital expansion over the previous 12 months.

There is no such thing as an average loss year, but investors will still be looking for benchmarks.

The feature will allow insurers to explore in real time the most competitive prices for a variety of structures and perils.

Proactive price action is enough to keep pace with inflation – for now.

So far, damage costs caused by the California fire are thought to be below $1bn.

Craig Darling said the opening of a dedicated branch in Florida showed Acrisure Re’s commitment to the state and region.

The carrier made recoveries on only one disaster event in the past year.

The insurer also sourced more buydown reinsurance layers to reduce its retention of North American catastrophe risks.