Casualty/GL

A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.

The carrier is confident the positive cycle will continue as it prepares for April, June and July renewals.

The executive was previously head of casualty underwriting for EMEA.

Key themes of the renewal that resonated across the ILS investor base include the elevation of attachment points, though lack of take-up of named perils coverage may disappoint some.

The former analyst at Aeolus joins the growing number of ILS experts to join the firm.

RenRe, Fontana’s owner, said earlier this year that it was considering getting a rating for the casualty and specialty sidecar.

She succeeds William Mills, who left his role as group head of ceded re and third-party capital for Allianz.

The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.

The Bermudian reinsurer said both appointments are effective January 1, 2023.

Transparency and alignment of interests are the keys to expanding casualty ILS.

The casualty ILS platform said it now expects to do more secondary transactions.

The Bermudian’s operating loss per share, however, grew nearly four times from the prior-year quarter to $5.28 per share.