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Many carriers agreed on the growing attraction of primary markets but differed on reinsurance-expansion tactics.
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The reinsurer said it had significantly grown its casualty underwriting portfolio, but also returned $230mn via share buybacks to mid-April.
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The insurer has benefited from recoveries from its captive after reworking its reinsurance treaty with the unit.
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Cat bond market exuberance seems to be mismatched against overall ILS sentiment.
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The report also found that reinsurance capital increased by 7% to $658bn.
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Senator Jeff Brandes and local insurance law experts tell this publication that the state’s insurance market will be hugely vulnerable without reform.
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Hank Greenberg’s Starr Insurance and Liberty Mutual have invested in the service provider, which will enable bitcoin-powered P&C solutions.
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The move is part of a wider strategic effort by the broking goliath to quantify the value of intangible assets.
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The new recruit, a former senior Liberty Mutual executive, put his insurance start-up plans on ice last November.
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Investment bank partner Tom Deane said that reinsurers would remain crucial to the market and that the beginnings of rebuilding were underway that could reverse some current trends.
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One swallow doesn't make a summer, but what do two retro "cashback" transactions portend for hurricane season?
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Its quota share partnerships provide the equivalent of $4.1bn of capital support based on 1-in-250-year loss scenarios.