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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply. -
The syndicate will be managed by Polo Managing Agency.
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The deal adds a forward-flow, giving Compre the option to reinsure additional future years.
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Oaktree will fund the syndicate and act as investment manager for its assets.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Charlotte Pritchard is set to succeed Andrew Creed, effective 5 January.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The transaction is subject to regulatory approval.
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The company had argued the judge missed key info when dismissing the case.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The executive argued that injunctions following team lifts were “the industry standard”.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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Court documents provide a window into the ambitious plans.
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Plus, the latest people moves and all the top news of the week.
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The London-based MGA will begin underwriting its international book next month.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The peril has been historically difficult to model compared to others.
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Habayeb will start next May following Kociancic's retirement.
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After a challenging period, the industry is now earning above its cost of capital.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
