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The ecclesiastical carrier works with unnamed global reinsurers to provide coverage which it claims as a first for Italy.
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The Florida insurer has put a smaller quota share in place on its homeowners business.
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The insurance merchant bank is planning to feed most of the fund’s capital into a quota share retrocession contract with Iris Re.
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Coastal dwellers in Florida would be hardest hit by the increase, with rates on the seafront rising by an average of 9.5 percent.
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Former Catlin Bermuda CEO Graham Pewter joins the board of Brit’s market-facing sidecar.
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The acquisition is expected to close in the second half of the year.
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The UK insurance regulator highlighted concerns about reinsurance coverage adequacy had 2017 losses been more severe.
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Two executives, Edward Torres and Niraj Patel, are leaving the firm as it changes tack with its ILS business.
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The reinsurer is on track to close its new ILS issuance at $300mn. -
The Texas Windstorm Insurance Association has raised the target size of its latest issuance.
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The Florida carrier launches its two-tranche 2018-1 to cover named storms.
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The Florida-focused carrier obtains reinsurance protection for a 1-in-400-year event.
