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Enstar, Catalina and Premia are the likeliest legacy acquirers for a c.$400mn deal.
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Inherent flaws and wishful thinking make many models unreliable, the Syndicate 2791 active underwriter said.
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Aspen is the latest to pass the risk of unfavourable reserve development on to reinsurers.
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Ermotti has led Swiss investment banking and wealth management company UBS since 2011.
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The reinsurer has made strong underwriting gains by focusing on higher-margin business.
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The CEO said the company was only prepared to deploy capital if increases were sufficient.
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The carrier looks to capitalise on a pricing correction in the class.
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Reinsurance chief Jeworrek diverges from rivals, citing limited typhoon activity based on a 30-year view.
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Coronavirus and the contingency market, the future of Axa XL, and more.
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Management board member Torsten Jeworrek puts the carrier’s exposure to the Tokyo Olympics in the “triple-digit millions”.
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The share price falls as the carrier falls short of Q4 forecasts.
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The reclassification of the mutual places the terror cover backstop’s future operational and financial independence in doubt.