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The carrier will continue to write assumed retro in Bermuda.
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The sidecar will support five programs providing specialty frequency coverages.
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The market has learned lessons from earlier soft market phases that it will apply now.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The CUO has added the role of head of private ILS, joining the executive team.
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The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
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Reinsurers are confident on cat rates and ready to deploy ILS capital.
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The firm’s ILS vehicles posted low single-digit growth in assets under management in Q2.
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The reinsurer plans to repeat its 2025 purchasing for property and specialty protections.
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The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.
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This brings the carrier’s total limit on the program to $1.8bn.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The third-party capital manager is a new entrant to the retro space.
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Buyers have turned to retro markets for covers where ILW pricing is less attractive.
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The Bermuda-based team is led by John Fletcher.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The Altamont-backed broker has been building out its team since launching in 2023.
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One dollar-denominated deal has opted to hold collateral in EBRC notes.
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Price guidance for the bond is 4.00%-4.50%.