-
The French reinsurer guides away from an equity raise as it predicts further rate hardening. -
The firm grew its cat book 13% in the June-July renewals.
-
The reinsurer is also allocating more risk budget to cat after cutting back.
-
Insider promoted after 10 years’ service.
-
The company’s premium base is closing in on market leader State National.
-
Previous European cat bonds issued out of Ireland were done on a one-off basis.
-
The January agreement remains subject to regulatory approval.
-
KKR described the $4.4bn deal as a “transformative event” and a “highly strategic” investment for the company.
-
The (re)insurer placed a new $100mn enterprise cover, ahead of the $350mn bond elapsing.
-
The deal will generate proceeds of more than $1.5bn for the Karfunkel family and including a dividend is pitched at 69 percent more than Tuesday's close.
-
Twelve Capital's Urs Ramseier says the potential for more distressed opportunities to appear will depend on the extent to which carriers pass on increased reinsurance costs to policyholders
-
Reduced exposures take the vertical limit on carrier’s cat programme down to A$6.5bn from A$7.2bn.
