Property
-
David Bangs joins from Willis Re Singapore where he worked for more than 15 years.
-
As part of the deal Pelican Ventures and JC Flowers will provide capital for 2021 onwards, with Argo maintaining responsibility for years prior.
-
The subsidiary was formed in the summer and is deploying capital from the sale of Maison.
-
The investment consortium has also finalized an operational partnership with Apollo Syndicate Management.
-
Ada Capital will underwrite on behalf of new special purpose insurer Ada Re. -
The three director changes fall short of a proposal by former bidders Senator and Cannae.
-
Palmieri replaces Jon Springer, who will remain on the insurer’s board of directors.
-
More ILS funds are allocating to retro than in past years, while a third of investors are expecting to increase their allocations slightly.
-
Nearly 80% of respondents said underwriting capacity decreased in the quarter.
-
The latest annual estimate was 4% higher than in 2019 and up 11% since 2018.
-
Returns could remain at that level if the current period remains loss free.
-
A paper in the journal Nature argues that climate change is fuelling the problem.
