Stocks
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The insurer posted a net loss of $9.3mn for Q4 2018.
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Third Point Re ended 2018 with a quarterly net loss of $298mn after suffering a net investment loss of $276.8mn.
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Prior to joining Tangency, Jo Stanton worked at AlphaCat, most recently as chief financial officer. -
Alastair Barbour, who is a non-executive director of the company and chairman of its audit committee, will leave at the end of this year.
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The deal will be financed through cash and the issuance of FedNat shares.
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Voce Capital sent a letter to shareholders putting forth plans to add what it called four “highly-qualified, independent candidates for election”.
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Renaissance Re issued $857mn new shares for the vehicle last year, as well as $457mn in the January 2019 renewals.
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Anyone scanning the news stories we have covered in the past week might get a sense of déjà vu.
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The insurer’s Q4 cat losses take yearly total to EUR1.29bn.
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The ‘blank cheque’ company, led by John Butler, will look to acquire a company within the (re)insurance and InsurTech space.
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It took a steeper 2018 loss from the ILS platform than in 2017.
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This was up from the $623mn figure reported in its Q2 2018 results.
