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It is unclear if policies transferred by UPC to other entities through quota shares and renewal rights deals are covered by federal mortgage institutions. -
It is launching the new capability through a new SEC-registered investment advisory firm.
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Jacquet previously served for five years at Credit Suisse ILS.
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The insurance agents’ trade body also raised concerns over brokers’ E&O cover.
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Market orthodoxy suggests cross-class reinsurers secure more leverage – but are there too many implicit offsets in this game?
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The release followed an appeal judgment from the High Court of Australia.
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Inflationary pressure, increased demand and negotiations over attachment points are among the factors that reinsurers believe are ramping up pressure in the catastrophe space.
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The coverage secured represents higher average insured values compared to last year.
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Succeeding years of nat-cat losses have left aggregate and lower-layer capacity tighter.
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The insurer reclassified some Hurricane Ida claims as storm Nicholas losses, producing an overweight loss for the second event.
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The US P&C carrier is putting more premium through its captive.
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CEO Kathleen Reardon said recent legislative changes are a ‘band aid’ but will help to calm the stressed Florida market.
