Results
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The deal took Alturas transactions to $115mn for the year to date as syndicated sidecars are expected to continue shrinking.
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The carrier’s long-standing client Alfa has become an equity investor.
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The Credit Suisse-managed firms will stop underwriting new business as of 1 January.
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The $100mn+ Bonanza deal is the Floridian’s third foray into the cat bond market
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The permitted growth has accelerated from a 7% increase moving from 2019 to 2020.
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David Bangs joins from Willis Re Singapore where he worked for more than 15 years.
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The Zurich-based manager holds the industry's fourth spot after a steeper year-end 2019 drop.
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Suncorp, IAG and QBE reinsurers could face significant recoveries after a landmark court ruling.
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Returns could remain at that level if the current period remains loss free.
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The German carrier says P&C gross written premiums expanded 3% to $27.3bn in the period.
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Fee income stayed flat but AIG's share of AlphaCat investment results dropped.
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The carrier is moving to lift quota share support to reduce its retained exposure.