Casualty/GL

The firm said it was poised to build on ‘significant growth’ in 2023.

The firm reallocated from short-tail lines amid social inflation concerns.

The ILS allocator has invested in the asset class over 17 years.

The hire has 20 years’ experience in asset management and corporate finance.

The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.

The broker said global cat rates rose 3% in the 1 January reinsurance renewals.

Reinsurers are making some adjustments to secure target signings but appetite to grow is finely balanced.

Fish Bond Re will provide coverage for any named storm in Texas on an indemnity, per-occurrence basis.

The carrier reported a Q3 combined ratio of 138.8% for casualty within the P&C re unit.

The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.

The carrier continued to experience a significant level of catastrophe losses this year, which resulted in lower year-to-date earnings than expected, according to CFO Frey.

The reinsurer said hardening of property reinsurance conditions must continue.