Property
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The bond was initially launched as a $175mn cat bond, fronted by Hannover Re. -
The private equity house's previous cat bond raised $50mn of parametric coverage.
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The broker will also work to support traditional reinsurance and retro activities.
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Damaging hail and wind hit Texas, Arkansas, Mississippi and Georgia.
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The report outlined 17 recurring and emerging risks (re)insurers should be aware of.
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The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.
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The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.
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The bond covers named storm, severe thunderstorm and winter storm in the Commonwealth of Massachusetts.
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Previously, Shaw was lead underwriter at MS Reinsurance and lead underwriter at MS Amlin’s Bermuda office.
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The current year performance marks an uplift compared to a tough 2022, in which Elementum delivered a loss to White Mountains of 4.6%.
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Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.
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The bills place additional requirements on insurers in the state and expand consumer protections.
