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The carrier cut exposure to both earnings level and highly volatile cat events as it shed risk.
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Industry veteran argues that the culture of the UK regulator is stifling growth.
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The flagship Atropos fund reached $1.4bn while its cat bond strategy is sized at $831mn.
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Scor said it had purchased the same retro limit as it had last year while managing “contained” price increases, as it cut back its catastrophe exposures.
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RenaissanceRe had raised $470mn for the high-risk fund platform a year earlier.
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The carrier’s whole-account XoL retro also shrank by a similar margin.
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December gains of 0.05% marked the third consecutive positive monthly return.
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The impact of Hurricane Ida and other 2021 losses, compounding issues with the industry’s five-year track record, has shown up in the slide in assets under management.
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The company’s DaVinci fund grew by $500mn as it took in a higher share of cat risk from the group.
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The third-party capital raise came in 24% lower than January 2021, as the DaVinci sidecar took most inflows.
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The deal expanded scope of Aspen’s delegated underwriting operations across both US and European operations run by Ryan Specialty.
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The Swedish pension scheme is ‘happy to absorb concentrated [cat] peril risk’.