Published by this author:
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It is understood that the company has mandated Nomura to raise the risk capital. -
The scope of McCann’s new role spans across various property segments, including retrocession.
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Branch reported 1300% growth YoY in annualized written premium and a 400% increase in employee growth in the last year.
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This estimate would rank Eunice as the most damaging European windstorm event since Kyrill in 2007.
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RenaissanceRe has nominated Shyam Gidumal to its board, while Jean Hamilton is set to retire from the board in May 2022.
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The broker and ratings agency AM Best said total deployed capital grew 2.7% in 2021.
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K2 Parametric will offer policies that pay pre-agreed claim amounts based on local parameters of measurable events, such as hurricanes or earthquakes.
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An RAA study found that for the nine months ended September 30, the combined ratio for group of US reinsurers deteriorated by 0.5 points to 100.7%.
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On Louisiana Citizens, Commissioner Donelon said that the state-backed carrier does not need to acquire additional reinsurance to endure the impact of major losses from the Ida and Laura storms.
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The projections are slightly worse than they were three months ago, as heightened cat losses and Covid-related pressures impact rates.
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SiriusPoint has hired Andreas Kull as its new chief risk officer, the Bermudian carrier announced.
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AM Best sees accumulating cyber risk in the US property market downgrading 18 US property carriers, considering Best’s Capital Adequacy Ratio.
