Reinsurance
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The $2.59bn renewal is up 45% from last year. -
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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The company also has $100mn for US hurricane events.
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The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
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Most of the losses are attributable to a supercell storm in Texas.
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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A 20% increase in FHCF retention levels sent cedants to the private market.
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Lloyd’s maverick syndicate produces impressive results, but questions remain over succession.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
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LA wildfire losses are impacting the 2024 years of account, Argenta noted.
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The change reflects the company’s growing profile within the MS&AD group.
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The executive will also continue as MD overseeing Caribbean fac.
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