Re/insurers
-
Some Canadian cedants have approached the market for top-up cover. -
The ratings agency said comparing companies was complicated by the adoption of IFRS 17 accounting.
-
Reinsurers continued to diversify into primary and specialty business.
-
The CEA has $326.4mn towards risk transfer, 44% below budget.
-
The insurer said once firms give up lower attachments or aggregates they “simply do not get them back”.
-
-
In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
-
The carrier purchased an additional $150mn of cover.
-
The backing represents a rare move from a collateralized reinsurer to take on risk in the legacy space.
-
-
The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability.
-
Berkshire Hathaway and Canada Life Re will provide as much as A$680mn of protection annually.
Most Recent
-
KCC pegs Hurricane Francine losses at $1.5bn
16 September 2024 -
Axa XL names Caponigro head of re capital management
16 September 2024 -
Hurricane Debby costliest weather event in Quebec history: CatIQ
16 September 2024 -
Monte Carlo smoke and mirrors especially hard to decipher this year
16 September 2024 -
Francine losses to be ‘manageable’, borne by primary carriers: AM Best
16 September 2024