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This was the highest single-year increase for the US index since 2006. -
The broker also predicted elevated demand for all forms of ILS capital throughout 2023.
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The transaction is the first proportional deal for cyber risk in the capital markets.
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As insurers grow more comfortable with retaining attritional cyber risk they are altering reinsurance placements.
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The underwriter has a background in marine and energy reinsurance and has more than 17 years’ experience.
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The carrier has renewed two of its quota shares with continental reinsurers with final negotiations underway.
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The ratings agency said PartnerRe would act as a ‘natural diversifier’ to Covéa’s operations.
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FGF is a reinsurance and asset management holding company focused on collateralised and loss capped reinsurance and merchant banking.
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Felix Winzap will join the Swiss leadership team following the resignation of Peter Schmidt.
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Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
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The move comes amid a general cutback from reinsurers’ in their cat risk appetite.
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The extended coverage was brokered by Howden and saw several Lloyd’s carriers join or renew their coverage.
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