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The reinsurance veteran joins from Artex Risk Solutions. -
Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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The bodies said that tapping into the cat bond markets was a possibility.
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The company no longer has any exposure to reinsurance contracts.
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Everest is in the process of transforming its ILS offering.
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The Class A and C notes increased in size, while the Class B note remained unchanged.
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The regulations are part of a state effort to expand wildfire coverage.
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MMIFS Re is the debut cat bond offering from the Canadian carrier.
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Mapfre Re CEO Miguel Rosa was “very satisfied” with the debut cat bond deal.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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Full year 2023 set the record to beat of $15.8bn in new issuance volume.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
