-
Many commercial risks will have London coverage, but insured values are relatively low. -
CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
-
The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
-
The syndicate is expected to write ~$300mn of business in 2026.
-
Operating revenues were also up on the $29.1mn reported over Q2.
-
O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
-
Third-party investors made a net income of $415mn in the quarter.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
Central pressure of 900mb or below would trigger a full loss of the $150mn deal.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
Pricing on Friday implied a potential $45mn loss to the bond, before the storm outlook deteriorated.
Most Recent
