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The Eiffel Re cat bond will provide coverage for European windstorms. -
O’Donnell will focus on strategic and tactical operations within global reinsurance alongside his continuing responsibility for Chubb Tempest Re USA.
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The former chairman and CEO of New York Life will support the asset manager in developing strategies that harness longevity pooling.
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The carrier said it had mitigated the impact of a challenging reinsurance market.
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The platform will connect MGAs with capacity from a wide range of providers.
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The broker has published research identifying transformative trends in the insurance industry.
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The global natural catastrophe protection gap stood at $368bn, with protection gaps being largest in emerging markets.
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The new SPA will write cyber reinsurance initially and could progress to writing insurance.
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Financials Acquisitions Corp is looking to extend its merger deadline and raise “substantial” extra funds.
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The UK asset manager’s ILS strategy is operating across six of its multi-asset funds.
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The broker said the risk from wildfire is also set to increase substantially.
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The reinsurer is seeking coverage for any named storm, earthquake, severe weather or fire event in several states in the northeast of the US.
