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The consortium will offer up to $50mn of per-program capacity. -
The carrier has previously tapped capital markets with Cape Lookout Re transactions.
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Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
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The carrier’s Armor Re deal upsized by 33%.
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The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
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Sums insured for European windstorm increased by 10.1% due to inflation.
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The value of White Mountains’ stake in the ILS manager grew last year despite the firm shrinking its holding.
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The firm, one of three major reinsurance fronts, said it would manage run-off in an orderly way.
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The former Ledger director was joined by fellow ex-Ledger employees to “hit the ground running”.
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The Magnitude-7.4 earthquake occurred early on 3 April.
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Eleven hurricanes are predicted, with five expected to reach Category 3 or higher.
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FHCF rates are also projected to decrease by a statewide average of 7.38%.
