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The carrier notified California regulators that it would stop renewing plans starting last month. -
The departure follows an investigation into an “offensive” email sent by Rouse.
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It is understood that CyberCube has been considering a sale of the business.
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Rates will remain elevated in a period of structurally higher risk premia.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Mark ‘Ollie’ Hollingworth has held his current role at Atrium since 2017.
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Tim Barber joins from QBE Re, where he was head of North America.
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A roundup of all the news you need, including Generali’s MGA plans.
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Plus, the latest people moves and all the top news of the week.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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The California wildfires showed reinsurers can absorb major cats and remain profitable.
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The insurer has been under review with positive implications since March.
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