Allianz Risk Transfer (ART) Bermuda is moving to run off its Bermuda ILS fronting operations, in the most significant shake-up to the fronting market since the sale of Tokio Millennium Re, sources told Insurance Insider ILS.
The
ART Bermuda withdraws from ILS fronting
The firm, one of three major reinsurance fronts, said it would manage run-off in an orderly way.