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The feature will allow insurers to explore in real time the most competitive prices for a variety of structures and perils. -
Proactive price action is enough to keep pace with inflation – for now.
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So far, damage costs caused by the California fire are thought to be below $1bn.
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Craig Darling said the opening of a dedicated branch in Florida showed Acrisure Re’s commitment to the state and region.
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The carrier made recoveries on only one disaster event in the past year.
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The insurer also sourced more buydown reinsurance layers to reduce its retention of North American catastrophe risks.
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Executive board chairman Jean-Jacques Henchoz said earnings for H1 were up to pre-pandemic levels.
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The Willis Towers Watson CEO also confirmed the broker will not pay out bonuses contingent on the Aon merger.
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The firm launched the special purpose Bermuda-registered insurer at the end of 2020.
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The former Alterra Global Reinsurance CEO will be responsible for establishing the new hub for the reinsurance broker.
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The reinsurer posted intakes to its Medici and Upsilon funds.
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The broker said ILS capital had reached $96bn at the end of Q1.
