ILS
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A shift in legislation would reduce the current US-listed companies' reporting requirements.
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The Cal Phoenix Re cat bond was the first cat bond to cover wildfire on a standalone peril, as well as the first third-party liability issuance. -
The intermediary noted that it was the third-highest sum for a second quarter.
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As the industry looks to shorten the value chain, could MGAs benefit from lower-cost capital providers?
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The UK-based insurer now sources 9 percent of its £300mn aggregate reinsurance from the collateralised market.
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Everest Re sidecar Mt Logan Re has reached $1.1bn of assets under management.
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The proceeds will be used in part to repurchase up to 1 million Class A shares.
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The Federal Emergency Management Agency engaged Hannover Re for the 3-year issue.
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Other similar types of platform in the Bermudian (re)insurer’s portfolio have also grown.
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The reshuffle follows the resignation of CUO and active underwriter Nicky Payne from the Credit Suisse-backed ILS syndicate.
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Former CEO Rick Welsh has left the company as it prepares for a rebrand.
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Paper providers are demanding greater transparency from MGAs as the need to streamline costs puts renewed pressure on the distribution model.
