Casualty/GL

The Bermudian alternative asset manager has named Validus' Jeff Sangster as partner, CFO and head of strategy.

The ILS platform’s chief operating officer had helped drive growth to $1.5bn assets under management.

The start-up is the first Insurtech to be listed as a member of the new block chain initiative.

RenaissanceRe’s funds platform has taken significant losses.

Merion Square will invest in property and casualty insurance, annuities and mortality-related ILS products.

The insurer is understood to be exploring the possibility of claiming the Camp Fire as two separate events as it looks to maximise reinsurance recoveries.

The carrier’s $1.2bn gross loss from the two wildfires would trigger the carrier’s nationwide programme, which attaches above $500mn.

Oxbridge Re licensed its Oxbridge Re NS sidecar in the Cayman Islands in June.

The reinsurer said the fronting operations were “a very different business” than its own ventures division.

The 2017 hurricanes have deteriorated less steeply than events in previous years, JLT Re said.

Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.

The reinsurer has created a new P&C partners unit encompassing its retro and third-party capital strategies as well as insurtech ventures, underwriting management and product development.