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The third-party capital raise came in 24% lower than January 2021, as the DaVinci sidecar took most inflows. -
Assignment of benefits (AOB) cases rose to a third of all new litigated cases in December.
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The former Markel Catco CEO won a stay pending a decision in Bermuda.
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Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.
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The private ILS deal follows on from a lively year of issuance in 2021
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The transaction reflects the evolution of the Weston Group and its plans to expand its coastal offerings across the US.
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The assumption of the policies, which the Florida-based insurer acquired for the price of the unearned premium, is retroactive to December 1.
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Homeowners MGA and insurer Lighthouse Management raised $65mn in a senior debt private placement in New York.
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The reinsurer typically renews the deal in two parts each year.
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Both gross and net exposures increased in the pandemic year, but net PMLs rose faster, a modelling report from the BMA shows.
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Juan Andrade’s employment agreement has been extended through the end of 2023, with automatic annual extensions following this term.
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The British investor had previously challenged what it described at attempts to ‘cramdown’ investors.
