Stocks
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A $40bn Milton loss should barely dent many ILS returns but will trap some capital. -
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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The manager is hopeful of closing all contracts by the end of 2024.
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A storm surge warning is in effect from Flamingo to Indian Pass.
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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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Demand for peak peril retro increased significantly in Q2 2024.
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Cat bond funds continue to draw interest as private ILS more challenged.
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The deal will boost the investment consultancy’s ILS capabilities.
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
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The executive has worked for Scor, RMS, Aon and SiriusPoint, among others.
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Reinsurers continued to diversify into primary and specialty business.
