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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal. -
The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The Cayman Islands-domiciled SPI now has four institutional backers.
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Michael Hamer recognised for his work with investors and on reporting frameworks.
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M&A and shifts in distribution arrangements bring risks and opportunities.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The $2.59bn renewal is up 45% from last year.
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The cat bond limit total is an uplift of around 60% on the carrier’s 2024 bonds.
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Fox highlighted the increasing role of alternative capital and creative financial vehicles.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
