Stocks
-
Regional per occurrence deals were also down compared to last year, but Validus lifted its retro cover by $75mn.
-
Aggregate cat bonds and quota shares may be exposed although the loss would typically be expected to skew to the traditional binders and insurance market. -
The nature of the event means that more losses may take time to emerge.
-
The reinsurer adds $300mn to the unit’s pandemic reserving in Q4 and slashes premium volumes by 11% at the renewals.
-
This suggests the Asia-focused sidecar has grown nearly 40% for 2021.
-
The EU’s chief insurance supervisor wants capital markets to augment the capacity provided by traditional (re)insurers.
-
The risk modeller pledges to review the offer but says its $6bn agreement with the PE firm still stands.
-
The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
-
The $850mn assets advised by the firm are already largely deployed.
-
Fairfax has sold a 14% stake in the carrier to Canadian pension fund Omers for $375mn.
-
The move follows Fidelis’ decision to hand back $275mn it had raised for a retro vehicle.
-
The combined ratio deteriorates by 26.9 points to 107.8%, though comes in ahead of forecasts.
