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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units. -
The storms struck Victoria, New South Wales and Queensland.
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Recoletos Re DAC SPI takes its name from the Paseo de Recoletos boulevard in Madrid.
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The carrier has raised $75mn of higher-risk Class C coverage.
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The bond offers a higher multiple than a similar Fuchsia Re deal placed last year.
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The reinsurance veteran joins from Artex Risk Solutions.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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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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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.
