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Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking. -
How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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The CEO said the (re)insurance industry is not doing enough to meet the climate challenge ahead.
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The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
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Third-party capital is showing “skepticism” over the market while traditional capital will decline this year.
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Aon’s reinsurance solutions CEO, Andy Marcell, said the loss ratios of treaties managed by the brokerage firm performed “pretty well” in the past 10 years.
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einsurance has contributed increasingly to the results of the Belgian carrier, which is looking to further diversify.
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Rhoads joined Markel in 2013 as part of its acquisition of Alterra Capital Holdings Limited.
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The broker said some reinsurers were planning for significant growth in property catastrophe as demand is expected to pick up pace.
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Loss creep from Hurricane Ida has led to the loss and an increase in loss reserves.
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A report warns that recent rate increases may not be enough to protect against headwinds.
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A Moody’s survey of reinsurance cedants found most are expecting cat rate increases to remain in a high-single-to-low-double-digit bandwidth.
