TransRe
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Craig Hupper spent more than 25 years at TransRe, performing a variety of roles.
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Mollinier spent 14 years at Aspen, most recently as head of EMEA and LATAM, and will help TransRe to expand its continental European business in his new role.
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How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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Cat bond spreads settled 11% above sponsor targets as many deals were scaled back or parked.
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TransRe is still hoping to raise $175mn from its Bowline Re cat bond for coverage against named storms and earthquakes as it has significantly lifted projected spreads on the transaction, Trading Risk understands.
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The catastrophe bond will be triggered on a weighted industry loss basis.
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The purchaser is known for having a very low cession ratio, although it said it would leave Alleghany to operate independently.
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The transaction will create a reinsurance entity roughly on a par with Scor in terms of net reinsurance premium.
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He will oversee the company’s internal and external communications around ESG issues, as well as diversity and inclusivity initiatives.
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The arrangement grants the carrier access to different capital pools, the CEO said at the Insider London event on Tuesday.
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Collateral negotiations are coming to the fore in retro renewals.
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A key question is whether retro dislocation will spill over into reinsurance renewals.
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