-
The underwriter had worked with the ILS firm since 2018. -
Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
-
Local executives expect the island to weather global reform efforts in light of Bermuda’s other advantages and the time it will take to implement minimum tax levels.
-
He has ended a more than five-year spell at the Bermudian investment manager.
-
The new law limits insurer liabilities for attorney fee suits against insurers and reduces time limits for claims.
-
Version 21.0 of the model will become available to clients on June 23.
-
The executive said reforms will help insurers, but more challenges remain to be tackled, as local executives remain divided on the potential impact of the legislation.
-
The Floridian has previously been affirmed by Demotech, but AM Best cited leverage pressures in its review.
-
The Floridian carrier said reinsurance spending was up by 5%.
-
The Florida reinsurance renewals ran more smoothly, with lower overall rate increases than initially expected.
-
New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.
-
The total reinsurance program’s cost jumped to $312mn at the renewal, compared with a $272mn price tag a year ago.
