Results
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn. -
The ILS business increased H1 fee income by 13% to $68mn.
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The losses were not passed through to the firm’s ILS business.
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Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
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The CEO cited ‘no change’ in appetite from a shift in the capital mix.
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Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
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Geico more than tripled underwriting profits.
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Insurance Insider ILS reported in June that the company had bought substantial ILW coverage.
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Total pre-tax cat losses for the quarter grew sixfold YoY to $135mn.
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Nephila’s income rose steeply owing to changes in its funds’ product mix.
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The slowdown was based on a conviction of “higher likelihood of frequency events” this year.
Most Recent
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Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024 -
Rokstone partners with NormanMax to launch parametric product
20 November 2024 -
RenRe grows partner capital AuM to $7.72bn
19 November 2024