Casualty/GL

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.

SiriusPoint has hired Andreas Kull as its new chief risk officer, the Bermudian carrier announced.

After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.

Tim Ronda was president of Aon’s US reinsurance business and was recently given a new global leadership role.

The manager said last year it wanted to deploy $100mn to $200mn in casualty ILS.