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The deal is expected to result in $700mn in combined GWP in Florida upon completion. -
The syndicate is targeting capital allocation for 1 January, the company confirmed.
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Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
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Being conservative and stable is the name of the reinsurer’s game.
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The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
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The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
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Rates will remain elevated in a period of structurally higher risk premia.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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Maintaining underwriting discipline was central to the Corporation's messaging.
