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The board strengthening follows Catalina's agreement last year to buy Asia Capital Re
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A state regulator has determined that efforts to rehabilitate the auto insurer would be "useless".
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Unmodelled cat losses are prompting a reassessment of pricing, the broker said. -
The executive is the youngest brother of CEO J. Powell Brown.
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A striking feature of this year’s 1 January renewal has been the changing approach to aggregate retrocession covers.
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A round-up of reinsurance renewals news plus the best of the rest from the past seven days.
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Broker says alternative capital retracted by 7% as investors exercise caution.
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Broker’s 1.1 report notes uptick in rates for property cat and non-marine retro.
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A shift towards rated paper and occurrence structures helped the market clear with some deals remaining outstanding.
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NSW has declared a state of emergency, with conditions expected to deteriorate.
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The broker highlights increasingly discerning reinsurers pushing for rate.
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Rate growth fails to meet early expectations but the market is clearly tightening in aggregate.
