New Zealand’s sovereign wealth fund posted a 2 percent drop in its ILS holdings over its financial year while Ontario Teachers’ Pension Plan and Caisse de dépôt et placement du Québec invested $500mn in a new insurance investment platform.
Aspen Re has appointed Meredith Head as leader of North America property catastrophe.
She will join in September and report directly to Aspen Re CUO and Aspen Bermuda CEO Christian Dunleavy.
Markel Corporation has appointed AIG’s head of retail property in North America Guenter Kryszon as underwriting officer for global property, a position that includes partnering with Nephila.
Legacy insurer Quest and US investment firm Mangrove Partners have raised $300mn for a new Bermuda-based vehicle for legacy deals, sister publication The Insurance Insider has reported.
Perils has released an initial loss estimate of EUR1.47bn ($1.81bn) for extratropical cyclone Friederike, which hit the British Isles, Belgium, the Netherlands and Germany on 17 and 18 January.
Reinsurance buying strategies are likely to diverge ahead of the June renewals as some cedants attempt to agree capacity early and others sit tight in the hope of striking a better deal later on, sister publication The Insurance Insider has reported.
Liberty Mutual ceded $1.23bn to its reinsurance partners in 2017 following hurricanes Harvey, Irma, and Maria and the California wildfires, the company said in its end of year results on Monday.
The Nakama Re 2018-1 cat bond settled at $700mn, after expanding by nearly 200 percent over the course of marketing, according to Trading Risk sources.