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In so many ways, Covid-19 has scope to manifest as an asymmetric loss, and inadvertently having to run the property loss net may be yet another.
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The MGA had established the PCC as a way to align underwriting interests with its paper providers.
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Syndicate 1200 is the second Lloyd’s syndicate after Canopius to explore such a deal. -
Willis Re's head of international says retro buyers are finding alternative levers to manage their capital as the market hardens.
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The business line is predicted to slip back into the red in 2021 after this year’s profit.
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The reinsurer will disband its life capital unit, making digital platform iptiQ standalone, as the unit's chief moves to the CUO role.
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The cover, which is stable from 2019, was brokered by Aon.
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The acquisition expands Lighthouse’s footprint into Florida and creates a firm with $200mn in premiums written.
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This comes after Everest Re previously let a mid-year renewal lapse, with ILS capacity scarce.
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The total premium outlay for the programme rose by 10% to $272mn.
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Bisset has worked at Aon and legacy entities for more than 20 years.
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The company, which shelved tentative IPO plans last year, said the offering is subject to market conditions.
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