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Gallagher said higher-than-normal war premiums in some cases may "help to paper over the cracks”.
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The lessor is still pursuing a variety of claims for other trapped planes.
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Travelers is set to expand its core cat treaty by between $1bn and $1.5bn, in a further sign of increased demand for cat reinsurance coverage at 1 January, this publication can reveal.
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The regulator has also paused the redemption of the company’s $20mn Tier 2 floating-rate subordinated notes.
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Thursday’s announcement means that the Russian insurer is off the hook for claims proceedings.
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This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
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The lack of momentum reflects on a general belief that underlying casualty business is well-priced for current years.
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The professional risks portfolio is underpinned with Bridgehaven capacity.
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The carrier is targeting the line of business as part of a wider strategic push in international insurance.
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We look at data trends that shed light on the past year, ranging from growth plans at Lloyd’s to personnel planning, uncertain IPO prospects and the unexpected trends from Florida losses.
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The underwriter has spent the past 12 years working as a senior marine underwriter at RSA.
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Insurance Insider reported in November that the first layer of the deal had secured a 7.5% rate reduction.