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InsurTech is not a market that is as ripe for disruption as the catastrophe reinsurance business was, according to Scor’s Adrian Jones.
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The rating agency also affirmed the company's long-term issuer credit rating of a-.
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The company is moving away from market-facing collateralised reinsurance funds, head of alternative capital Dan Brookman told this publication.
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Chief underwriting officer Patrick Gage and head of property Lloyd Tunnicliffe are leaving the insurer as it withdraws from a number of lines.
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HazeShield covers businesses in Singapore from loss of income and reduced trade caused by haze events. -
Amundi Pioneer has invested in the new sidecar across several of its funds.
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Florida Citizens has recovered more than a third of its $350mn “wrap” insurance cover from reinsurers, with payments led by Validus.
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The city of Osaka sustained most of the losses.
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The National Hurricane Center predicted catastrophic freshwater flooding as the eye of the hurricane touched down at Wrightsville Beach.
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Flood risk concerns could mean more drain on the public purse to pay for damages via the NFIP.
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Duperreault recognises the quality of the Bermudian reinsurance industry.
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Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.
