-
The Florida portion of the program provides $1bn in protection. -
The global services provider has grown through acquisitions in recent years.
-
Sergio Micucci joins from the Corinthian Group, where he was CFO.
-
Former Teneo M&A head Alexander Schnieders will lead the unit.
-
The shift in market dynamics reflects $1.8bn of maturities last week.
-
Sub-1% management fee and performance fee-only structures have evolved in ILS.
-
The ratings agency noted robust profit margins for reinsurers.
-
Europe has experienced an uptick of insured losses from severe weather.
-
The Italian hailstorm event in the summer 2023 saw estimated losses nearly triple.
-
The Gateway Re deal is seeking named storm cover in eight US states.
-
The bond is split across Class A and Class B notes that have different levels of risk.
-
Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
