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The March 13-16 storms would mark the first billion-dollar US SCS event of the year. -
The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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MAP’s Christopher Smelt said impact on nationwide programmes will cause risk aversion.
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Both syndicates also reported a deterioration in their combined ratios.
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Industry sources estimate the market to be around $3bn.
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
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Sources warned some property XoL books are already running 50% loss ratios.
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Founding partners DeCaro and Rettino will continue to provide oversight and investment advice.
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This will be the third cat bond issuance through Baltic Re PCC.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
