-
Total spending was up 2% as the Floridian carrier cut back the limit it bought by 10%. -
The executive said reforms will help insurers, but more challenges remain to be tackled, as local executives remain divided on the potential impact of the legislation.
-
Sven Wehmeyer, who will remain as CEO of Validus’s Zurich-domiciled reinsurance arm, replaced Steve Bardill as head of international on 1 June.
-
The broker predicts a “very active” cyclone season over east Asia but forecasts a slightly smaller number than usual will make landfall.
-
The organisation has $170mn less cover in place than the $2.1bn it had for the 2020 and 2019 hurricane seasons.
-
Last year it secured just NZ$6.2bn of protection from major nat cat events, as premium spending went up by 11%.
-
The Floridian has previously been affirmed by Demotech, but AM Best cited leverage pressures in its review.
-
The covered agreement provisions will ease the flow of US business into London.
-
It is the insurance company’s first foray into the cat bond market.
-
The former Bernina Re underwriter will remain in Bermuda.
-
The carrier cut back its treaty limit by around 13% and lowered its deductible.
-
The total reinsurance program’s cost jumped to $312mn at the renewal, compared with a $272mn price tag a year ago.
Most Recent
