AIG
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AIG, HDI Global and others have settled, while Chubb’s fight continues. -
The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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This publication revealed that Chris Schaper would move into the role on an interim basis in July.
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The insurer said once firms give up lower attachments or aggregates they “simply do not get them back”.
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Its property cat aggregate cover renewed with improved coverage.
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The carrier reported an additional A$70mn reinsurance reinstatement because of higher claims.
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RenRe will be taking control of ILS manager AlphaCat as part of its purchase of Validus Re.
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The Bermudian reinsurer launched a public offering of 6,300,000 common shares and anticipates raising around $1.15bn to finance the transaction.
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The deal includes AIG's AlphaCat platform.
