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.
