ILS
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The company will use the funds to expand its global presence, enhance its marketplace platform and widen its offering. -
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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Gupta moves from Axis Capital where he served for four years in the New York team.
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There are still some hurdles preventing widespread ILS adoption of cyber risk, but momentum should increase.
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The ratings agency said a high degree of uncertainty around ultimate exposure is likely to be long-lasting and will fuel rate strengthening in affected lines.
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The first-of-its-kind deal blends bank financing with ILS funding.
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Political violence and aviation coverages had been thrown into marine composites as the market softened.
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Courts in Bermuda and the US approved the move, which had earlier been subject to investor litigation.
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The reinsurer said it was anticipating increased volume for catastrophe bonds and collateralised reinsurance this year.
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Cornell Fox joins as head of investor relations and business development, while Masa Kitade has been enlisted as head of business development for Asia.
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Plus booming broker growth; GRP, Covea UK and James River sales; and all the top news of the week.
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Many ILS firms opened 2022 with reduced assets under management, in a bearish signal for the mid-year renewals.
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