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Former CEO Ryan Mather returns to helm Ariel, and will also oversee underwriting for SPA 6133 under a pact between the acquirers and Apollo. -
The company’s gross written premiums were up 16% in the period year on year.
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Bruce Lucas tells Trading Risk Live that 10-12 companies are at “extreme insolvency risk”.
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HSCM’s Michael Millette urged industry participants to prepare for growing cat risk on the back of climate change.
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Hurricanes Isaias and Sally were "full retention events" and the firm took 2,000 new Irma cat claims in Q3, the company said.
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Universal’s combined ratio deteriorated by 37 points to 134.7%, driven by Laura and Sally losses.
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The move caps 18 months of turnaround efforts at the Bermuda reinsurer.
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The former Aon retro broker joined the firm several years ago.
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The ratings agency has carried out an initial assessment of the reinsurance subsidiary's business plan.
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The calls will provide a barometer of claims activity on historic storms Irma and Michael as well as recent Hurricane Sally.
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Repeated pelting from smaller cat losses presents a host of challenges for carriers.
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The ex-Validus Re CEO will head up the pending Class 4 reinsurer after the White Mountains buy-in.
