Reinsurers
-
The reinsurer’s chair said cat pricing reductions are at a “miniscule level”. -
Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.
-
The company also purchased $15mn of SCS parametric coverage.
-
Investors are drawing lessons from life deals to find new routes into insurance markets.
-
Nationwide will delegate management of the policies to Ryan Specialty.
-
The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
-
The legacy player is working to secure its first deal, and could look to expand to US E&S.
-
Insured losses produced the second highest first-half tally since records began in 1980.
-
Reserve releases helped to recapture deferred fees.
-
The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
-
In the US, the index fell 6.7% year on year.
-
The programme’s total limit this year is down $594mn to $1.36bn.
