Commercial Lines

The investment firm’s ILS holdings were worth around $746mn at year-end 2022.

Also formally joining the board are Carlyle’s managing directors James Burr and Jitij Dwivedi, and Adam Halpern-Leistner, director at Hellman & Friedman.

The reciprocal’s purpose is to deliver additional US property catastrophe capacity to existing and new policyholders of Victor's subsidiary, International Catastrophe Insurance Managers LLC.

The bond was initially launched as a $175mn cat bond, fronted by Hannover Re.

O’Donnell will focus on strategic and tactical operations within global reinsurance alongside his continuing responsibility for Chubb Tempest Re USA.

The private equity house's previous cat bond raised $50mn of parametric coverage.

The broker will also work to support traditional reinsurance and retro activities.

Damaging hail and wind hit Texas, Arkansas, Mississippi and Georgia.

The report outlined 17 recurring and emerging risks (re)insurers should be aware of.

A Guy Carpenter report recently noted that risk models are converging for the most remote risk levels.

The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.

The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.