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The company also purchased $15mn of SCS parametric coverage.
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In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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Investors are drawing lessons from life deals to find new routes into insurance markets.
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The ILS Advisers Fund Index reported a profit of 1.11% in June.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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Markel announced the sale of its global reinsurance renewal rights to Nationwide.
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Nationwide will delegate management of the policies to Ryan Specialty.