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The role oversees the $187bn Canadian pension plan’s ILS allocation. -
The cost of reinstatement was included in $170mn wildfire net loss figure.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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DaVinci equity plus debt stood at $3.25bn as of 31 December.
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The firm ceded $417mn of premiums to the sidecar in 2024.
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Wildfire loss ‘serves as a strong reminder not to unwind hard-fought for rates and terms’, the executive said.
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Scrocca will be based in Bermuda on focus on underwriting and risk sourcing, among other things.
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The deal is being issued through Lloyd’s London Bridge 2 PCC.
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The bond will provide coverage for named storms in North Carolina.
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The reinsurer has cut the cession rate to 33% from 40% last year.
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Theokli joined the company in 2021 as a senior underwriter.
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The reinsurer added two new tranches to its 2025 issuance.
