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Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re. -
The bond protects against losses in the US, Canada, Europe and Australia.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
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The revision is significantly lower than the $4.5bn October estimate.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The (re)insurer used alternative capital in the reinsurance coverage.
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Gallagher Re said rates had softened in 2025 versus the prior two years.
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CEO Thierry Léger expects overall P&C pricing to be “stable” through 2025.
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The deal will provide named Florida storm protection on an indemnity, per occurrence basis.
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There’s not much supply in that marketplace, Papadopoulo said.
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The carrier is offering shares priced at $29-$31.
