Megan McConnell will step down as active underwriter of Paraline's Lloyd's Syndicate 4242 in March. She was also involved in the syndicate's reinsurance purchasing strategy.
Is the combination of the Harvey, Irma and Maria (HIM) hurricanes a once-in-a-career event for reinsurance underwriters or likely to happen more often?
This year has set a new record for cat bond issuances, with volumes topping $10bn - and the trend is expected to continue into 2018, Trading Risk sources have said
Solvency II continued to drive life deals in 2017 after the EU capital regime came into force last year, while the market dislocation seen in 2016 following an increase in mortality rates finally abated, sources said.
The ILS sector continued to see new launches in 2017, as the fallout from hurricanes Harvey, Irma and Maria gave momentum to a number of niche start-ups.
The insured losses for the wildfires that spread across California in October are now estimated at $9.4bn, Californian insurance commissioner Dave Jones said today.
