Stocks
-
Regulators are currently investigating the beleaguered retro manager’s loss reserving.
-
The notes, with a combined total of $27mn, are due on 15 January 2020.
-
Eden Re provided $300mn of retro support for Munich Re in 2018 across a couple of debt issuances.
-
News of the steep C share loss follows the revelation of regulatory probes in the US and Bermuda.
-
The insurer is to redeem $79.5mn of it its outstanding senior secured notes, as it announces a new credit facility.
-
The Leo Re vehicle was set up for the Dutch pension fund service provider PGGM, one of the largest institutional investors in ILS.
-
Have reinsurers become so reliant on cheap retro that the task of writing their inwards portfolios is skewed by this support?
-
Markel will consider the future of its ILS subsidiary Markel Catco in 2019.
-
The global property reinsurance professional will be joining the start-up broker as executive vice president.
-
The insurer has increased its quota share protection, whilst cutting back on its aggregate cover.
-
Steep reserve deterioration may reduce confidence in the fund’s reserving process, Jefferies analyst said in a recent note.
-
January 2018 opened the year of the “great reload” for ILS managers.