Reinsurance

Love joins from Scor, where she was assistant vice president, insurance operations.

The legacy deal comes one year after a $1.3bn LPT with Compre covering several lines.

Approximately 1.2 million units are vacant throughout the state.

The legacy carrier is to buy the captive from a “very large” multinational firm.

Insurers in the emirate typically buy low-attaching reinsurance.

The agreement from Fleming to honour original terms still leaves it open to long-term damage.

Increasingly, deals are being brought to market but not transacted on.

R&Q Legacy will book adverse development of ~23% of net reserves for the year.

The recent Italian hail and Bernd losses show some companies are relying on outdated models.

Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.

The new CEO needs to fix the underwriting, but should also ask the bigger questions.

The announcement confirms earlier reports from this publication.