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Centeno has three decades of insurance experience and focuses on D&O, M&A and tax liability cover.
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The new Bermuda venture launched at the beginning of the year as part of the business’s scale-up.
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New capacity and fewer problems with trapping contributed to a smoother renewal than some had expected. -
The Bermuda body details options for insurance providers in hybrid fund/transformer vehicles.
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Defence costs are expected to remain elevated, as weather losses have also weighed on results.
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The carrier will largely avoid ILS and focus on differentiating through ESG.
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Fewer AOB cases contributed to easing the caseload down from a 2020 peak in October.
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The revived bill seeks to limit legal fees to a “lodestar” method, based on hours spent on a case.
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The ILS manager sees Florida primary and retro business producing more return than reinsurance.
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Weather activity and adverse claims trends in Florida have impacted underwriting results, the ratings agency said.
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This is the carrier’s first public cat bond after a private deal done through Guy Carp’s Cerulean platform in 2019.
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The Q4 figures represent an increase of 24% since July 2020.
