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Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery. -
The ILS business increased H1 fee income by 13% to $68mn.
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Sidecar vehicles are being tailored to match investors’ objectives.
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The carrier estimates the total industry loss for the Microsoft/CrowdStrike outage at around $1bn-$2bn.
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The executive explored ILS options as MD of hedge fund Horton Point post financial crisis.
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Allocators are waiting for 2024 to pan out, according to Hiscox CEO Aki Hussain.
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Severe thunderstorms, mainly in the US, accounted for 70% of insured losses globally.
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The moves mark a major step in realising “trillion dollar” casualty ILS potential, according to Ledger Investing CEO Samir Shah.
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It consisted of three major earthquakes within a nine-hour period on 6 February 2023.
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ILS investors’ stress over Gibson Re is unlikely to inhibit legacy ILS’s future.
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Geico more than tripled underwriting profits.
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Total pre-tax cat losses for the quarter grew sixfold YoY to $135mn.
