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CFP has a $900mn reinsurance attachment point and is still receiving claims daily. -
The changes follow a strategic review of the Pool Re scheme in 2022.
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The annual claims totalled £5.7bn, the largest amount paid out in any year.
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Claims in recent months have brought a period of benign loss activity to an end in the class.
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The storm is likely to be one of the costliest weather events in Canadian history.
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The business will prioritise growth in the life segment.
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The broker said clients could expect to see double-digit rate decreases this year.
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A roundup of all the news you need, including Axis Capital’s new head of ceded re for NA.
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The executive has also worked for Guy Carpenter during her 20-year career.
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The government’s consultation ended on Friday (7 February).
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Michael Wade, who joined Helios in 2023, led the group’s portfolio-restructuring exercise.
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The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
