Casualty/GL

Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”

The new platform extends RenRe’s suite of ILS and reinsurance strategies.

The executive will oversee management liability, healthcare and casualty/specialty reinsurance.

The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.

Having set up its London Bridge ILS platform, Lloyd’s believes it can leverage its reinsurance-to-close (RITC) mechanism to develop an ILS market for casualty, CFO Burkhard Keese said on a results call yesterday.

The casualty ILS platform said it had handled more money in the past three weeks than in its first three years.

A tsunami advisory is in place in the Fukushima area.

The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.

Some programs had to be restructured as rates hardened and capacity flowed away from cat risk in some cases.

The firm says it has condensed the securitisation process into weeks rather than months

The “squeezed middle” of the reinsurance sector is under pressure, but attritional risk aversion could drive ongoing changes.

The recruit was formerly a portfolio manager at Nephila Capital.