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The company reported $139mn in Q2 cat losses that it said mostly came from Winter Storm Uri.
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The company grew P&C net written premiums by 47%, while the non-life combined ratio improved 32 points to 89% during the second quarter.
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RenRe beats estimates with $329mn underwriting income driven by a surge of profits in its property segment.
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The broker has undertaken a major expansion since rebranding from SSL Endeavour last year.
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ERS’ recently rebranded (re)insurer IQUW has confirmed the appointment of Stephen Young as CEO for a new Bermudan division, as first revealed by this publication.
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After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
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The government supports efforts to create a minimum corporate tax and broaden taxing rights, but it warns of the impact on financial services and insurers.
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The plan to invest an extra $200mn was laid out in the original deal between White Mountains and Ark announced on 1 October and completed on 1 January.
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CEO Juan Andrade laid out the new targets in an investor day presentation in which he said the carrier will become a “digital first” (re)insurer.
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The Bermudian start-up carrier adds professional lines to its growing list of product lines.
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The exit follows news earlier this year that founding CEO Chris Fagan was stepping down to be replaced by Bruce Hemphill.
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
