Munich Re
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The ratings firm said the survival ratio last year improved slightly to 7.8x.
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The former head of the Munich Re-owned business is disqualified from being a company director for 12 years.
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The InsurTech MGA plans to expand to the densely populated US Eastern seaboard.
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Total cat losses halve to a 13-year low of $33bn. -
The goal is to provide a platform to test insurance applications by year-end.
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The reinsurer told Reuters it will continue insuring 'all types of companies'.
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A soaring combined ratio and plummeting profits present challenges for prospective owners.
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Most Insider 50 companies held steady or moved slightly lower last week, pushing the index down 0.8 percent to 1,084.42.
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Analysts at Bernstein believe July’s renewals will outperform increases seen in June, but rates in 2019 will flatten.
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The move comes just over a decade after Munich Re bought its second Lloyd's business.
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The claim for loss from damage to the Ituango Dam in Colombia could exceed $1bn, this publication can reveal.
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Corporate bond holdings also increased, as carriers shied away from covered bonds.
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