ILS
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This appointment is one of three new moves at the business.
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The ILS manager will continue to operate largely independently following the completion of the deal.
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Irma and Florence impacted Florida insurers’ Q3 earnings as disparity emerged around Michael losses.
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Following new investment, Akinova has brought in the experienced Paul Jardine.
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The possibility of a relationship between the two events puts the utility’s $200mn wildfire cat bond under the spotlight.
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The UK-based sidecar writes a quota share of the carrier’s treaty and D&F books. -
It is understood the Florida insurer clawed back $10mn of capital that had previously been freed.
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The company said losses from Hurricane Michael will be larger
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The Scor executive called on regulators to trim capital requirements.
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I remember having a conversation with a (re)insurance executive when they had hired a team to enter a horribly priced line of business.
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Before Florence and Michael, rate reductions had looked set to resume.
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The executive was responsible for a ceded reinsurance portfolio of more than $4bn
