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The consortium will offer up to $50mn of per-program capacity.
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Both Schlesinger and Sandford will report to Matt Humphries, head of crisis management.
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The forum will be an ‘even safer space’ for efforts on climate change action than the NZIA.
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A fresh investor will be needed to put meaningful cash on the table for a US retail deal.
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The executive will report to UIB LatAm CEO Carlos Gutierrez.
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Available net cash proceeds on closing are now down ~$100mn to $65mn-$110mn
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There is a high likelihood the property claim will be subrogated.
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Roth will be responsible for retroactive and prospective structured reinsurance.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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