Service provider
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Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors. -
Spectrum joins investors ForgePoint, Hudson and MTech.
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Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
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The economic loss from the event was around EUR7.6bn.
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Losses were primarily driven by personal property lines.
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The tech firm is building a joint stock company with insurers and investors.
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Scott Cobon's most recent title was MD, insurance management services.
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Market participants have until 13 October to provide any comments.
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The firm has also updated the loss-calculation engines of existing Jeannie tools.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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Both organisations still predict an above-average hurricane season.
