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There is room to scale up existing risk transfer pilots, said Dfid’s Nick Dyer at Aon's Collaborating to Close the Protection Gap conference.
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The firm's cat excess-of-loss book rose 7.8 percent.
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The carrier contributed more than $100mn of the January intakes for its retro-focused Upsilon fund and the Medici cat bond fund.
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The deal will transfer the four remaining underwriting teams including property cat reinsurance to the US firm.
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The deal covered Turkish earthquake risk.
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The occurrence and aggregate transaction will replace maturing and loss-impacted deals for the carrier.
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The (re)insurer has cut its peak risk exposures by more than a third in some cases.
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The cat loss figure is 2.4 percent of Everest Re’s total shareholders’ equity of $9bn.
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The manager said Irma deterioration pushed its 2017 loss out by 1 percent, taking it to 65.9 percent.
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The carrier confirms A$519mn of natural hazard losses in its fiscal first half.
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CEO Mike Sapnar said losses in the last two years have wiped out premiums.
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The cat bond covers hurricane and extreme mortality risks, according to sources.