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Mercury’s recovery from the guaranteed percentage of losses is $47mn. -
This brings the carrier’s total limit on the program to $1.8bn.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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Matthew Flynn joins from RenaissanceRe.
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The bond will provide protection on an industry-loss basis, as reported by PCS.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
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At least 14 new companies have opened up shop in the state in recent years.
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Cat bond broking growth contributed to 6% organic growth in reinsurance.
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Insurers must write policies in high-risk areas in order to incorporate the model.
