ILS
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal. -
The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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Sentiment at the ILS Connect event hosted by Insurance Insider ILS was generally positive.
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Being the “new kid” has created interest in the market, Mereo CEO Croom-Johnson added.
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Erik Manning is joining the business from BMS as head of ceded reinsurance.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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Bolding will focus on aligning Gallagher Securities with Gallagher Re.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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