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The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.
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The departures include North American Arcas head Alex Orloff.
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Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.
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The bond is likely replacing the 2021-1 Class F bond, which matured in December.
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AuM remains generally flat at UCITS funds over the weeks since LA fires started.
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The bond will provide coverage for named storms in North Carolina.
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American Integrity is seeking expanded limit on more favourable terms.
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Tower Hill secured $400mn of Winston Re limit in 2024.
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Bolding will focus on aligning Gallagher Securities with Gallagher Re.
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The reinsurer has cut the cession rate to 33% from 40% last year.
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The group ceded 55% more premium to Nephila over the year at $1.3bn.
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The sponsor secured $100mn limit last year, paying a multiple of 8.3x.