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The broker said the renewal had been “gruelling” for cedants. -
Reinsurers have successfully pushed hard on T&Cs but, as capacity begins to fall into place, there are still many unanswered questions for this renewal.
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FGF is a reinsurance and asset management holding company focused on collateralised and loss capped reinsurance and merchant banking.
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TigerRisk Capital Markets & Advisory acted as exclusive structuring and placement agent for the reinsurance sidecar.
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The move comes amid a general cutback from reinsurers’ in their cat risk appetite.
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Scott Stephenson, former chairman, president and CEO of Verisk, will join CyberCube’s board after participating in the funding round.
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The state’s lawmakers will meet on December 12-16 to address the challenges facing its troubled property insurance market.
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The broker said clients can move fast in a harder market but need time to review quotes.
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Some firms have fared better than others in the competition to raise funds during the year.
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Outrigger Re will write a quota share of Ark’s Bermuda property treaty book.
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The London-listed carrier said that market dislocation could last for years and had created a strategic opportunity for the carrier.
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Most ILS firms are marking the Ian loss as a $50bn+ event, although there are exceptions.
