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SCS accounted for nearly two-thirds of global first-half catastrophe losses. -
The final report said the majority of the losses occurred on Kyushu Island with 74% of the total industry loss.
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A Delaware judge has ruled in favour of Vesttoo’s automatic stay in the bankruptcy case.
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Ola Jacob's role at Descartes will focus on expanding the firm's parametric insurance offering in the London market to corporates exposed to climate risks across the globe.
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According to the National Hurricane Center, Lee made landfall at Long Island, Nova Scotia, on Saturday.
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ILS capacity in the form of retained earnings and new inflows is shaping up to meet growing demand for reinsurance and retro coverage.
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With winds speeds around 80mph, Lee is now a Category 1 hurricane but is still expected to be ‘a large and dangerous storm' by the time it reaches New England and Canada.
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Gallagher Re has stated that the alternative capital market has increased by 4%.
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The additional funding brings Kin’s series D total to $142mn, and its overall equity funding total to $265mn.
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The private equity firm is targeting $1trn in assets under management for the combined segment.
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His role change — following that of LCM leader Darren Redhead in 2021 — raises questions over the firm’s future ILS strategy.
