Property
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Third Point Re also confirmed Tim Mardon as global property head and named Rachael Dugan as general counsel. -
Offering crop reinsurance is the latest move since Core Specialty launched in November.
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He replaces Tim Mardon, who recently moved to Third Point Re as global head of property.
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Insurers already face A$40mn in claims, a level set to rise and potentially affect reinsurance.
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The executive had been president of Bermuda for Chubb’s reinsurance arm since 2011.
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The executive will join the reinsurer ahead of the close of its merger with Sirius International later this month.
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CEO Zuraitis said the company’s nearly $9mn in recoveries allowed it to achieve "below market" pricing on its program.
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The ratings agency foresees no “material effect” on the capital or earnings of UK commercial property insurers following the Supreme Court ruling.
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The event was the third Australian hailstorm event of 2020 reported by the data aggregator.
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December and January people moves in the ILS market.
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The intermediary cited Convex and Vantage among new entrants adding capacity to the market at the renewal.
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District Judge Elaine Bucklo granted The Cincinnati Insurance Company’s motion to dismiss the case.
