-
The carrier also reported a $16mn satellite loss during the quarter. -
The company plans to reduce its quota share to 20% from 40%.
-
The sponsor was targeting between $850mn-$1.1bn of coverage in the latest mega-bond to hit the ILS market.
-
The capital will be deployed by Bermuda-based special purpose insurer Arachne.
-
Dan Vestergren has started investing in cat risk but the firm may look more broadly over time, sources said.
-
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
-
Twia needed to purchase $3.35bn of reinsurance to satisfy its $6.5bn 1-in-100 PML.
-
The index-based coverage will be for the benefit of Lloyd’s Syndicate 1910.
-
Gordon was set to join start-up brokerage Juniper Re last month.
-
Combined AuM of UCITS funds stood at $11.3bn as of 26 April 2024.
-
The pension fund’s ILS allocation as of the end of 2023 was CHF300.3mn ($356.8mn).
-
Over Q1, the loss ratio improved by 34.6 points year on year to 43.7%.
