Hiscox
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AIG’s AlphaCat-managed ILS funds grew AuM by $200mn in Q3, while assets at Nephila, Hiscox ILS and Mt Logan dipped in the quarter.
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Analysts are concerned that the company’s risk profile is higher than the market assumes.
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The CEO added that the company will reduce its exposure if pricing does not change. -
The carrier reserves $165mn for claims from Dorian, Faxai and Hagibis.
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As a “light-touch” syndicate, Hiscox will have its plan automatically approved by Lloyd’s.
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Aramco does not buy standalone political violence cover, but some energy policies may have contingent business interruption losses.
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The new venture will cover a wide range of niche worldwide risks, mostly via delegated authorities.
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The executive will move from retail underwriting chief at the end of the year.
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The executive leaves the London-listed carrier after 18 years.
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At Convex, Nick Waddell will be reunited with former Catlin casualty colleague Dan Curran.
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Andrew Dolphin moves into McConnell's previous role as director of underwriting at Hiscox Re in London.
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Kinesis deployed 50 percent more limit year on year while RenaissanceRe grew its DaVinci sidecar.
