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Progressive books $722mn cat loss for May from Texas, Midwest storms
The losses added 12.3 points to the firm's 100.4% CoR.
Kyoung-son Song
,
14 June 2024
Moody’s RMS pegs Central European flood losses at EUR2bn-EUR3bn
The loss follows the pattern of 2002 and 2013 European flooding.
Rachel Dalton
,
14 June 2024
Achmea secures EUR100mn for Windmill III Re bond
The cat bond will provide coverage across multiple territories in Europe.
Jai Singh
,
14 June 2024
RenRe upsizes Mona Lisa Re by $50m to $150mn
Pricing on the Class A notes settled 11% below guidance.
Liz Bury
,
14 June 2024
TIH’s Starwind working on $200mn-$300mn sidecar raise
State National has been lined up to front for the vehicle, which would be a rare example of third-party capital in this space.
Adam McNestrie
,
13 June 2024
Hannover Re seeking $100mn of US named storm coverage
The reinsurer narrowed the scope of perils in its latest issuance versus its 3264 2022 cat bond.
Jai Singh
,
13 June 2024
Reinsurance structures of 2023 ‘here to stay’: Tiernan
Reinsurers “weren’t getting paid” before 2023’s hardening, the Lloyd’s executive argued.
Rachel Dalton
,
13 June 2024
Nephila purchases ILW hedges of ~$600mn
The ILS manager targeted aggregate and second-event covers.
Jai Singh
,
13 June 2024
Reinsurance gaps weaken European carriers: Moody’s
Reinsurers scaled back their coverage to non-peak events in 2023.
Jai Singh
,
12 June 2024
Swayne retires from Nephila after serving as partner since 2013
He will continue to play a role as a fund director and firm ambassador.
Liz Bury
,
12 June 2024
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