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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge. -
The appointments are aimed at offering a clearer team structure.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The two lines will add £11mn in planned premium.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Class actions and third-party litigation funding will drive up losses.
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In July, he took the role on interim basis from Laure Forgeron.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The facility will initially focus on US, Bermudian and European business.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
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The combined casualty treaty team has also made a number of hires.
