-
The executive takes over from Megan Thomas, who left to become the CEO at Hamilton Re in September. -
The firm aims to use AI to fill the protection gap left by “black swan” events like Covid-19.
-
Climate change risk is not yet being properly reflected in pricing, the company chief warned.
-
RenRe said it had “ample dry powder” even after fully deploying its $1.1bn 2020 capital raise.
-
Property insurance rates are rising by high single digits to 15% on clean accounts.
-
The additional $730mn in capital for its Upsilon RFO, DaVinci and Medici funds include $130mn of the company’s own money.
-
Last year’s season was “unprecedented” in terms of frequency, but not in terms of severity.
-
The arrangement grants the carrier access to different capital pools, the CEO said at the Insider London event on Tuesday.
-
The Convex CEO reiterates his prediction of a potential $200bn casualty-reserving deficit and anticipates a similar amount of Covid claims.
-
The executive was previously an underwriter at Chubb Tempest Re and Odyssey Re.
-
The transaction, announced in December, covers around $130mn in premium for business in CT, NJ, MA, and RI, helping HCI expand beyond Florida.
-
The company expects reinsurance to provide 78% of its $2.5bn gross written premium target.
