-
R&Q executives have said managing legacy business on behalf of third parties is part of their strategy going forward.
-
The division’s current North America CUO David Perez will take on the global risk solutions CUO title as James Slaughter steps down.
-
However S&P Global Ratings revised its outlook for reinsurance from stable to negative, citing pandemic-related losses and volatile capital markets. -
Capitol Preferred cancelling over 23,000 policies could drive customers to state-backed insurer Citizens.
-
Reinsurance rates increased were manageable, a number of carriers said.
-
Despite market pressure, HCI is expected to complete its reinsurance programme on schedule, CEO Paresh Patel said.
-
Catastrophe losses were EUR208mn, up 6.6 percent from last year.
-
The carrier took a separate EUR220mn charge connected to Covid-19 losses.
-
Some insurers in the panhandle may not be able to handle reinsurance rate increases in the 1 June renewal, according to Bruce Lucas.
-
This comes after Stone Ridge, one of the firm's third-party providers, reduced its sidecar holdings.
-
The carrier will raise third-party funds for the vehicle after setting up a new Lloyd’s fund late last year.
-
The carrier says it has sufficient capital to meet expected liabilities from Covid-19.
