Property

The move reflects years of weak profitability caused by high cost inflation and cat losses.

The pool was launched in July 2022 and is backed by a A$10bn government guarantee.

The estimate includes wind damage, as well as damage to property, automobiles, agriculture and direct BI.

The bond will provide cover for windstorm, hailstorm, flood and quake.

Key names taking up senior roles at Validus include Sven Wehmeyer and Pablo Nunez.

The worst of the damage was experienced in Brest, northwest France.

Alexander will join after his competitive restrictions are up.

Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.

The Smart Tracker Syndicate 5623 was established with the aim of delivering a ‘smart beta’ portfolio to investors.

A credit loss owing to a fraudulent letter of credit from Vestto added 1 point to the combined ratio in Q3, insurance president Jeremy Noble told analysts during a conference call.

Tim Mardon will become CUO at Aspen Bermuda Limited and a member of Aspen Re’s leadership team.

The storm caused significant wind damage and flooding across parts of Scotland and England.