Property

Analysts said attachment points are now far behind the rate of inflation over the period.

The reissue of terms comes amid a tough European property cat market.

2022 was a near-average season in terms of the number of storms, but featured an unusually quiet start in August, followed by two Florida hurricanes, including one of the US’s most expensive.

The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.

The ratings agency took increased nat cat activity, pricing trends, growing demand and business plan stabilisation into account when assessing the segment.

The reinsurer said the appointment comes as it looks to grow in the property treaty arena.

The bond has also expanded its range to target up to $125mn.

The executive will step into her new position on November 28 and will report to Andrew Shaw, the company’s lead property underwriter.

The two insurers are believed to provide in excess of 20% of the cat MGA’s capacity.

Most claims so far have been for damage to residential property.

Outrigger Re will write a quota share of Ark’s Bermuda property treaty book.

The fund will take a vertical cut of all non-life business written by Latam specialist Ocean Re.