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Significant moves over the past month included the appointment of Chris Parry as global head of RenaissanceRe Capital Partners and the departure of Axis head of risk funding Ben Rubin, as well as an ILS launch at ERS and a new bond team moving to Credit Suisse ILS. -
The Floridian insurer aims to renew just over a third of its private reinsurance placement in cat bond cover.
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The broker says the ILS alliance will "meaningfully increase" its capacity in three segments.
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The former Mt Logan Re property reinsurance underwriter took on the role this month.
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The firm reported a $100mn drop in ILS AuM to $1.4bn, although previously had said deployable capital was lower.
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Some had argued that the definition of occurrence used by judges could make it harder for insurers to aggregate treaty claims.
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CoreLogic has already approved a merger with Stone Point and Insight but said it would review the competing bid.
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As some in the market believe the winter claims will remain notably below $20bn, there are multiple factors creating challenges in assessing the event.
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David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.
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The carrier increased US-exposed reinsurance limit by EUR250mn but almost halved its group aggregate.
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The carrier is “very optimistic” on Japanese and US renewals this year, and outlined plans for growth in various lines and regions.
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The carrier said Texas claims are beginning to drop off with quota share and minor perils cover in place to help minimise its retention.
