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Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president. -
The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
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This is the latest in a string of appointments made by the firm’s ILS unit.
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The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
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Aaron Garcia will hold a senior role at the operation, sources have confirmed.
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Reinsurers are confident on cat rates and ready to deploy ILS capital.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Property MGA Arden Insurance Services specialises in multi-family habitations.
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The ILS manager revised down slightly its forecast for the syndicate’s 2023 YOA.
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Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.
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The sidecar took $19mn of cat losses relating to the California wildfires.
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Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
