Reinsurers
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The bond is likely replacing the 2021-1 Class F bond, which matured in December. -
The storm is likely to be one of the costliest weather events in Canadian history.
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The executive has also worked for Guy Carpenter during her 20-year career.
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The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.
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The reinsurer has cut the cession rate to 33% from 40% last year.
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The restructuring arrangement is designed to protect creditors.
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Theokli joined the company in 2021 as a senior underwriter.
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EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
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The Integrity Re bond is structured into five tranches.
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The reinsurer added two new tranches to its 2025 issuance.
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A negative January return will be unprecedented for ILS industry.
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The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
