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Texas winter storm losses to spill over FedNat reinsurance retention.
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Marcus Foley joins the Bermuda office, while Tim Radford will work in London.
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The start-up aims to place $1bn in capacity this year. -
The ILS firm has previously invested with the company.
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The move follows Fidelis’ decision to hand back $275mn it had raised for a retro vehicle.
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The CEO says the carrier deployed most of the $340mn raised in June at the 1 January renewals.
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The combined ratio deteriorates by 26.9 points to 107.8%, though comes in ahead of forecasts.
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The Australian carrier has also modestly increased its reserves for Covid-19 BI claims.
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A cluster of new launches demonstrate continued interest in an "independent aligned" model.
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The modeller had reportedly been the subject of an $86-per-share bid from real estate analytics firm CoStar prior to its $80 deal.
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The move follows the company hiring new InsurTech partner Adrian Jones last month.
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RenRe said it had “ample dry powder” even after fully deploying its $1.1bn 2020 capital raise.
