Reinsurance

Co-founder Niall Barton will move from the CEO role to executive chairman.

The new recruit joins after a 19-year international career with Axa XL.

The Reinsurance Opportunities Fund has started a buy-back process after shareholders voted in favour of a run-off.

Greenlight Re Innovations and three other investors participated in the round

In the hot summer of 1954, on the Cote d’Azur, Picasso created more than 60 portraits of his teen artist neighbour Sylvette David.

The investment changes will support the company’s continued push into the property catastrophe space.

CFO Vogel says the impact of the event has yet to feed through into rates.

Now that so many ILS platforms are owned by reinsurers, you might think that the debate over whether third-party investors are better served by reinsurer-affiliated ventures or independent platforms has been decisively settled.

FedNat’s combined ratio was 101.5 percent, up 2.5 percentage points from the prior-year period.

The three Sunshine State carriers that reported earnings last week suffered operating losses in the quarter.

The motor syndicate reported a profit of £3.1mn but its combined ratio breached the 100 percent threshold after the lower-than-expected Ogden rate rise.

The legacy acquirer will provide complete finality for shareholders.