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It took year to date private cat bond volumes up to $580mn, according to Trading Risk data.
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Its reinsurance premiums ceded are expected to reach $207mn, up from $175mn a year earlier.
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The new adjustments will increase rates 7.6% on average after February 1, 2022. -
After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
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A federal judge finds that a new law banning contractors from advertising that insurance may cover roof repairs unconstitutional.
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It hit north of Tampa, and storm surge warnings for wider Gulf Coast were discontinued.
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It was upgraded to a category one hurricane by the National Hurricane Centre last night before being downgraded in a public advisory at 2am (EDT).
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Tropical Storm Elsa picked up some strength as it passed over the Florida Keys Tuesday, raising the possibility it could become a hurricane again before slamming into the mainland.
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UPC’s early look at its expected cat toll for Q2 – typically a quiet period for cat events – could be a signal that the quarter was busier than usual for weather events.
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The government supports efforts to create a minimum corporate tax and broaden taxing rights, but it warns of the impact on financial services and insurers.
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Jessie Ruppe joins from Arch to oversee casualty ceded reinsurance, while two internal promotions will be responsible for financial lines and property cessions.
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Richard Anson previously served as head of ceded reinsurance at Antares and reinsurance manager for Aviva.
