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The sponsor secured $100mn limit last year, paying a multiple of 8.3x. -
The carrier has been reducing its presence in the state since 2007.
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The carrier has recognised two separate losses for the Palisades and Eaton fires.
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The value of its investment in RenRe stood at $330.4mn as of 30 June 2024.
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The restructuring arrangement is designed to protect creditors.
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Derrick Easton has led Willis’s US ART team since joining the company in 2015.
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The company says the recent wildfires will be the costliest in its history.
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Programs did not offer adequate risk-adjusted return.
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Shreeve’s role will encompass the Aon Captive & Insurance Managers’ ILS business.
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Capital inflows, notably into UCITS funds, and accumulated returns supported issuance of $17.2bn in 2024.
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Theokli joined the company in 2021 as a senior underwriter.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
