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A total of $386mn has been issued in private cat bond deals this year. -
A Delaware judge has ruled in favour of Vesttoo’s automatic stay in the bankruptcy case.
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ILS capacity in the form of retained earnings and new inflows is shaping up to meet growing demand for reinsurance and retro coverage.
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The Official Committee of Unsecured Creditors is turning the spotlight on Vesttoo’s current board and management.
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Gallagher Re has stated that the alternative capital market has increased by 4%.
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The private equity firm is targeting $1trn in assets under management for the combined segment.
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His role change — following that of LCM leader Darren Redhead in 2021 — raises questions over the firm’s future ILS strategy.
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Frontier’s employees, including director and co-founder Peter Brodsky and CEO Derek Winch, will remain in their current roles.
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European and Bermudian reinsurers are expected to be the most favorably affected by the current environment.
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Data from the broker indicated that around 70% of global losses were driven by SCS, with events in the US causing $35bn of insured losses over H1.
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The founding members include Munich Re, Gallagher Re, and BitSight.
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The company also said that it has secured the replacement of all reinsurance on its ongoing portfolio of business through third-party reinsurers and an affiliated reinsurer.
