ILS

Syndicates and managing agents who want third-party capital support need to deliver on profit and transparency.

Mary Margaret von Herberstein will work on relationships with quota-share capacity providers.

The broker’s international chairman noted shifting attachment points on wind deals and reshaped aggregate covers.

The investor will focus on late seed and Series A funding rounds as it widens its geographical remit.

Former Aon broker Charlie Simpson will lead the broker’s platform in Bermuda.

The hedge fund reinsurer reports an underwriting loss of $1.1mn for the quarter, a fraction of the typhoon-driven deficit of a year earlier.

The Floridian insurer aims to renew just over a third of its private reinsurance placement in cat bond cover.

Whether the Texas Deep Freeze ends as a $12.5bn, $15bn or $20bn insured loss, it will be a medium-sized cat event that will deal an earnings hit to carriers with exposure to the affected states.

Hannover Re and Fidelis provided significant capacity on the Munich Re-led programme.

The merged entity will also look to focus on higher margin lines and invest in InsurTech.

The Insurance Capital Fund combines US wind cat bonds with subordinated debt issued by European insurers.

The company also lowered the attachment points on its per-occurrence and aggregate property catastrophe treaties after shrinking its portfolio.