The Moroccan government is seeking to set up a parametric insurance scheme to cover the country against drought risk, according to Asia Insurance Review.
Markel will be seeking to recruit a new a chief reinsurance officer to oversee its ceded reinsurance after managing director of reinsurance Robert Blazer leaves the specialty carrier, sister publication The Insurance Insider reported.
Capital Insurance Group has agreed to pay 20 percent more premium to renew four layers of its property cat programme which were almost wiped out by the Q4 California wildfires, sister publication The Insurance Insider revealed.
The $75mn class D layer of Nationwide Mutual's Caelus Re V cat bond has triggered and is expected to be a significant loss after the insurer recorded major wildfire claims, according to sources
