ILS

The proposals include increasing either statutory or CRTF funds.

Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.

A hard cat market in 2023 means cedants must consider the alternatives.

Alexandre Delacroix will lead the Continental hub.

A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.

The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.

The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.

The lopsidedness of the ILS recovery means more confidence around prolonged hard market rates but also raises the bar on competing for third-party capital.

The sidecar has been launched alongside partner Stone Point Credit Adviser.

The APRA intends to review reinsurance settings in the Australian prudential framework over the course of 2023 and the first half of 2024.

The company’s targeted Vescor cat bond would have provided collateral to meet auto and other obligations, but there were multiple structural points of risk for investors.

The firm’s statement followed allegations in Israeli tech media of missing collateral linked to deals it was concerned in.