Nephila

The executive’s departure follows that of former EVP of commercial lines underwriting Mike Martin.

Nephila, RenRe and Validus go on the record with this publication on the forthcoming 1 June renewals.

The insurer had drawn down on its covers in 2018.

ILS showed reinsurers the New World, but reinsurers have now learned to live in it.

Settle in for The Insurance Insider’s 12 days of Insurancemas.

The storms will reduce the net asset value of securities in the Catco Reinsurance Opportunities Fund by as much as 9.8 percent.

The 2018 conference season has finally come to a close in North America, with the Property Casualty Insurers Association of America’s event in Miami last week bringing the curtain down on this year’s major industry gatherings.

Before Florence and Michael, rate reductions had looked set to resume.

More than 4,000 new claims were filed to the insurer in the third quarter.

The all-cash purchase price fell slightly below initial expectations of a $1bn-plus valuation for the Bermudian manager.

Reinsurers now have fresh impetus to argue for flat renewals at 1 January.

Michael losses are likely to fall on the reinsurance market due to the low attachment points of the Floridian homeowners’ insurers.