TransRe

Craig Hupper spent more than 25 years at TransRe, performing a variety of roles.

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.

How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.

Cat bond spreads settled 11% above sponsor targets as many deals were scaled back or parked.

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.

The catastrophe bond will be triggered on a weighted industry loss basis.

The purchaser is known for having a very low cession ratio, although it said it would leave Alleghany to operate independently.

The transaction will create a reinsurance entity roughly on a par with Scor in terms of net reinsurance premium.

He will oversee the company’s internal and external communications around ESG issues, as well as diversity and inclusivity initiatives.

The arrangement grants the carrier access to different capital pools, the CEO said at the Insider London event on Tuesday.

Collateral negotiations are coming to the fore in retro renewals.

A key question is whether retro dislocation will spill over into reinsurance renewals.

Its year-to-date result from the Bermudian ILS platform has produced a $1.2mn profit.

The carrier's first cat bond has increased in size and dropped in price as marketing progresses.

The Bermudian ILS manager produced no income for the reinsurer in the first quarter.