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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market. -
The deal marks the latest step in Catalina’s shift from P&C to life run-off.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
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It said the loss did not reflect the underlying economic performance of the business.
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This publication revealed in February the incident was expected to lead to a major claim.
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The ILS manager has $5bn in assets and will be led by MariaGiovanna Guatteri.
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A roundup of all the news you need, including a ruling in the High Court aviation appeal.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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A decision in relation to who bears which legal costs will be reached at a later date.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The combined casualty treaty team has also made a number of hires.
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