-
Axis estimates Hurricane Ida will be a $35bn industry loss event while the European floods – from which Axis expects a $55mn bill – are projected to cost the industry $13bn. -
The figure was lower as a proportion of shareholders’ equity compared to RenRe’s Q3 loss.
-
-
Kate Vacher has taken on the role of CEO for the reinsurance broker’s Bermuda entity and will report to Angus Milgate, head of international treaty reinsurance.
-
Markel reported that investigations by the DoJ and SEC have concluded with no penalties or action taken against the company.
-
Neville Weston, who will be based in Bermuda, will also become a member of Sompo’s reinsurance leadership team.
-
The ILS expert spearheaded modelling of catastrophe bond issuances during his time at AIR Worldwide.
-
Across London, the US and Bermuda, Ascot Re will provide P&C, PI and specialty lines cover via its new aligned division.
-
It will now take just three business days for such insurers to become registered on The Island.
-
The deal takes year-to-date private cat bond volumes up to $601.7mn, according to Trading Risk data.
-
The new retro fund launched with $98.9mn after an extended development phase.
-
The former Alterra Global Reinsurance CEO will be responsible for establishing the new hub for the reinsurance broker.
