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A-Star offers up to $80mn in additional capacity for D&O liability insurance. -
There is an increasing focus in the casualty reinsurance space on social inflation and litigation funding trends.
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The CEO was speaking on the back of the carrier’s Q3 results, where it confirmed it would be returning $169mn to investors by way of a $119mn special dividend and offering up to $50mn in buybacks.
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The decline marked the sixth consecutive quarter of double-digit pricing declines.
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With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.
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The carrier has been in hiring mode in recent months after staff exits earlier this year.
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Reinsurers are also determined to secure structural changes and payback from Italian, Slovenian and Turkish cedants at 1 January 2024.
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With new leadership at some of the largest continentals, there will be close attention to how their tactics in changing lines of business will evolve.
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Hema Mistry returns to the UK to run the finpro division, following a stint at the broker in San Francisco.
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Sources said a move towards facilities was the latest evidence of market softening in the D&O class.
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Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.
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Plus this week’s people moves and all the top news from this week.
