Aisling Finn
Aisling Finn is a reporter for Insurance Insider. She covers aviation, property D&F, political violence and terrorism, InsurTech and binders.
Published by this author:
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Sergio Micucci joins from the Corinthian Group, where he was CFO. -
The syndicate has appointed former Munich Re active underwriter Stuart Newcombe.
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The total economic cost from the catastrophe is estimated to be EUR9bn.
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CFO Dacey said ILS investors were not extrapolating too much emphasis from strong returns in 2023.
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P&C re and CorSo reported improved net profits and combined ratios for the quarter.
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He will report to Kelly Superczynski, Aon’s global head of capital advisory.
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Overall economic losses hit $45bn in the first quarter of 2024.
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The Class A notes priced well below the midpoint of initial guidance.
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The bond will cover named storms, North American earthquakes and European windstorms.
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The organisation has received 11,527 claims to date.
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Initially, the government sought $360mn of coverage.
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The bond offers named storm coverage in Florida.
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The carriers are seeking $130mn of Class C named storm coverage.
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The new facility is backed by Lloyd’s syndicates and London-based international insurers.
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The carrier also narrowed the pricing guidance for the two types of notes.
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The carriers are seeking up to $130mn of named storm coverage.
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The bond will provide parametric cover for earthquake and windstorms.
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The cat bond now has a pricing spread of 250-275 bps.
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The cat bond will initially cover named storms in Florida and South Carolina.
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The cat bond will cover earthquake and named storm events.
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Pricing guidance has also been updated to between 8%-8.25%.
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He was executive managing director in Aon’s wholesale treaty team.
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The bond offers earthquake cover for several European countries.
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Vesttoo is unable to make a similar request again.
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Arm is based in Guernsey and has a Bermudan management licence.
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The carrier set the initial profit guidance to NZ$22mn-NZ$27mn.
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The carrier is now offering up to $250mn of Class A notes and $150mn of Class B.
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The review followed a methodology change.
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The increase can be attributed to the Christmas storms of 2023.
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The loss estimate includes property damage, contents and BI insurance across residential, commercial and industrial lines.
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The carrier is seeking indemnity per occurrence for quake coverage in the US.
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The carrier has also extended the redemption period by three years, to 31 March 2029.
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The (re)insurer also predicted its return on investment would improve “noticeably” next year, to more than 2.8%.
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France “lead the tally by a significant margin”, followed by the UK, Belgium and the Netherlands, Perils said.
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The reinsurer is now targeting EUR150mn-EUR175mn for the cat bond.
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HCI is offering one million common stock shares priced at $78 per share.
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Rob Newbold joined Verisk in 2002 and has held several roles, serving most recently as COO of extreme event solutions.
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The costliest disaster was the southeast Queensland and NSW flooding in February 2022.
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The MAPA will allow APCL clients to participate in a portfolio of syndicates without the need to own the underlying capacity.
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The sponsor is seeking coverage for named storms, winter storms, wildfire, earthquake and severe thunderstorms in the US.
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The P&C Re CEO discussed Swiss Re’s P&C appetite and nat cat exposure in the investor presentation.
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The ratings agency said premium rate increases for specialty lines would be most pronounced in political risk, terrorism and political violence lines because of heightened geopolitical tensions.
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Martin Ford joins the broker following a 26-year-stint at Gallagher Re, formerly Willis Re.
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The bond will provide coverage for windstorms and severe thunderstorms on a per-occurrence basis in Belgium and the Netherlands.
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The Class A notes priced at the midpoint of guidance and the Class B notes at the top end.
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The $75mn cat bond will cover systemic cyber events on a per-occurrence basis.
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The estimate includes wind damage, as well as damage to property, automobiles, agriculture and direct BI.
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The bond will provide cover for windstorm, hailstorm, flood and quake.
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The bond’s Class A notes are priced at 8.5%, while the Class B notes are priced at 16.5%.
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The storm caused significant damage to homes and businesses as gusts reached over 100 mph and resulted in widespread flooding.
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The cat bond will provide coverage for North American named storm events and earthquakes as well as European windstorms.
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Tim Mardon will become CUO at Aspen Bermuda Limited and a member of Aspen Re’s leadership team.
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The storm caused significant wind damage and flooding across parts of Scotland and England.
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Verisk said the majority of the insured losses can be attributed to wind damage.
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The ratings agency also said economic and insured losses caused by Otis have reached $16bn.
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The carrier is looking to raise $50mn in zero-coupon Class 2 notes, $100mn of Class 3 notes and $150mn of Class 5 notes.
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The US could be exposed to economic losses of $1.1tn in the event of a cyberattack, the highest of any country.
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Robert Salzmann has held a variety of roles at SI Re, most recently overseeing the carrier’s ILS markets and retrocession team.
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Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.
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The carrier reported an additional A$70mn reinsurance reinstatement because of higher claims.
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BCCL will be rebranded to Nascent Advisory Services Ltd as part of the transaction.
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Nichols joins from Aeolus Capital Management, where he’d served as a portfolio manager after previously spending nearly a decade at Guy Carpenter.
