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Fee income – an area of patchy disclosure by reinsurers – was generally stable amongst early reporters. -
The insurer grew its top line by 41% in the first half of 2021.
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The reinsurer stepped off five Florida domestic insurance programmes but has taken more E&S risk in the southeast US.
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Craig Swan will become CEO of the monetary authority, after working as deputy CEO for 21 months.
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It took year to date private cat bond volumes up to $580mn, according to Trading Risk data.
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After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
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The government supports efforts to create a minimum corporate tax and broaden taxing rights, but it warns of the impact on financial services and insurers.
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The underwriter had worked with the ILS firm since 2018.
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
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Local executives expect the island to weather global reform efforts in light of Bermuda’s other advantages and the time it will take to implement minimum tax levels.
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The platform will be managed by Horseshoe with Leadenhall’s head of non-life, Ben Adolph, acting as head of underwriting.
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The Bermudian booked a $4.6mn loss from Winter Storm Uri.
