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The new deputy CIO will have a focus on reinsurance debt investing. -
Hurricane Earl is forecast to pass southeast of Bermuda, but tropical-storm-strength winds are predicted to hit the Island on Thursday.
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Some sources argue that now is the time for new management teams to tap into the market with fresh platforms.
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ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.
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Nat cat losses added 11.8 points to the combined ratio at 101.5% over five years on average, S&P has found.
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As the ILS market heads back to the office after summer breaks to get stuck into a busy conference season, we recap our top summer features and news coverage that you won’t want to miss.
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The carrier said its commercial business gave the company a platform to build on.
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In 2021, the US-Bermudian reinsurance composite’s combined ratio improved six points YoY.
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The Sompo International company was placed into run-off in June 2019.
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It is understood that the company is being advised by boutique investment bank/broking firm Stonybrook and TigerRisk Capital Markets.
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The guaranty association’s board voted on Friday to extend an existing 0.7% assessment into 2023.
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UPC policyholders could be force-placed by their mortgage lender.
