Stocks
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The Bermudian-based reinsurer will be offering excess of loss property catastrophe cover at this year’s renewal.
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The firm set up a new quota share covering its Ariel Re book this year.
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Fairfax has taken its total share of Brit to 88 percent with the purchase from the Canadian pension fund.
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The AlphaCat CEO will assist AIG with the use of modelling technologies.
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Sources said that Berkshire Hathaway will not support the cover for 2019.
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The Florida insurer said it had no concerns about collateral availability to meet Irma claims. -
The former XL Catlin executive controlled one of the biggest portfolios of ceded reinsurance in the market.
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Multi-strategy ILS funds fell to a 0.38 percent loss for the month.
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The Q3 income offset losses recorded in H1.
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The loss contributed to a $1.6bn quarterly cat loss at new parent AIG.
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The reinsurer said the fronting operations were “a very different business” than its own ventures division.
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RenaissanceRe also revealed that it expects its Hurricane Michael losses to be as much as $100mn.
