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Insured losses produced the second highest first-half tally since records began in 1980. -
The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
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The figure updates an April estimate of EUR696mn.
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At least 14 new companies have opened up shop in the state in recent years.
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Cat bond broking growth contributed to 6% organic growth in reinsurance.
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Brian Hickey joins the firm from PE specialist AE Industrial Partners.
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Reserve releases helped to recapture deferred fees.
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The consultation period around UK ISPVs was opened in November last year.
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George Cantlay will also assume the additional position of president of the Bermuda business.
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The reinsurer returned $216.7mn to investors in Q2.
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The proposed reforms are designed to put the UK’s regulatory framework on par with Bermuda and the US.
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CFO Christoph Jurecka will succeed as management board chair.
