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The insurer plans to shed 7.5 percent of its global workforce.
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Mitsui Sumitomo Insurance (MSI) now owns 80 percent of Leadenhall Capital Partners after taking over the holding from its international subsidiary MS Amlin.
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A large reinsurer is looking at launching an ILS fronting business to fill the gap left by the pending departure from the space of Tokio Millennium Re. -
The Luca Albertini-led ILS manager will become a direct subsidiary of the Japanese insurance group, rather than being held by MS Amlin.
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Many Bermuda staff have only been offered short-term transition roles.
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Matthias Meyenhofer had taken up his role last September.
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He moves across from the broker’s former securities division.
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There was also evidence of one investment manager renewing its interest in the asset class.
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The fund manager’s scarce capacity contributed to a generally difficult retro renewal at 1 January for buyers
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ILS broker-dealers expect 2019 cat bond issuance to range from $7bn to above $10bn.
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Nephila Climate has done a couple of recent swaps covering wind farms.
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The Dodeka XX notes were listed on the Bermuda Stock Exchange yesterday.
