-
Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle. -
After a challenging period, the industry is now earning above its cost of capital.
-
The executive said that outside of property cat, renewals will be “relatively stable”.
-
The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
-
The Bermuda carrier brought a winding-up petition earlier in October.
-
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.
-
Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
-
The two lines will add £11mn in planned premium.
-
The reinsurer stressed it “did not shy” from cat business in 2023.
-
Class actions and third-party litigation funding will drive up losses.
-
In July, he took the role on interim basis from Laure Forgeron.
-
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
-
The facility will initially focus on US, Bermudian and European business.
-
The Bermuda reinsurer has been active in ILS since launching in 2007.
-
Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
-
The combined casualty treaty team has also made a number of hires.
-
Reinsurer executives stressed that the industry worked hard on setting the right structure.
-
Blackstone-style capital seeking to get closer to source is a net negative for reinsurers.
-
Sources said that the carrier has held preliminary talks with private debt investors.
-
Being conservative and stable is the name of the reinsurer’s game.
-
The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
-
Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
-
CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
-
Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
-
The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
-
Rates will remain elevated in a period of structurally higher risk premia.
-
Supply for property outstrips demand, but the casualty market is “bifurcated”.
-
The ratings agency warned negative PYD on US casualty will likely continue.
-
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
-
The Bermudian reiterated its pledge to improve performance.
-
The CEO said the carrier will prioritise margin over top-line growth.
-
The vehicle will support Ascot’s casualty business in the US and Bermuda.
-
Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
-
The changes affect operations in Switzerland, Bermuda and the US.
-
The broker built out Lockton Re’s US casualty and professional lines treaty book.
