RenaissanceRe's permanent sidecar DaVinci Re reported a 7 percent decrease in first quarter net income to $52mn, following a 22 percent reduction in net earned premium income to $61mn.
Military mutual insurer and insurance-linked securities (ILS) stalwart USAA has launched its 24th Residential Re catastrophe bond, which is targeting $150mn in annual aggregate cover, sister title Trading Risk has reported.
Aon Benfield's Dan Burrows and Amlin's Ben Savill are in line to become the respective London and Bermuda CEOs of Richard Brindle's start-up carrier Fidelis, The Insurance Insider can reveal.
