ILS
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The ILS manager has $5bn in assets and will be led by MariaGiovanna Guatteri. -
The sidecar will support five programs providing specialty frequency coverages.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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Hannover Re Capital Partners is in talks with two investors for 1 January launch.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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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.
