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The carrier retained EUR92mn for Hurricane Dorian and EUR89mn for Typhoon Faxai. -
Munich Re, Swiss Re and Renaissance Re are among the reinsurers to back a host of US MGAs in new deals.
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The carrier is among the first P&C insurers to release anticipated loss numbers ahead of the third-quarter earnings season.
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The MGA has grown its premium base by 60 percent this year to a projected $440mn of GWP.
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The transaction makes Canopius a top-five insurer in the Lloyd’s marketplace.
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Hyeji Kang succeeds Bernhard Arbogast who is retiring in May 2020.
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Markel co-CEO Richard Whitt told an audience in Las Vegas that the launch of Lodgepine coincided with a need for capacity in the retro market.
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At Munich Re's ILS roundtable in Monte Carlo, one of the speakers raised the concept of whether a "flight to quality" amongst ILS investors might be better labelled a "flight to alignment".
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CEO Greg Hendrick said the third-party capital platform could eventually be used within the entire Axa group.
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The reinsurer announced it is looking at setting up a separate balance sheet to write risk on behalf of third-party investors.
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The legacy carrier still sees opportunities for large deals through such arrangements.
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Widespread data theft from an email provider ranked as the most likely significant loss scenario in a report by the broker and analytics platform.
