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The carrier is seeing increasing submission levels and “much improved pricing” in facultative reinsurance. -
Chilean riot losses of about EUR20mn and almost EUR107mn in Japanese typhoon claims weigh on the final months of the year.
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The carrier made recoveries under last year’s aggregate cover and its fiscal-year stop loss.
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Rates are starting to move in some areas of the line, which has been flagged for lacklustre price changes.
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Nine cedants including Allianz and Generali were involved in the pilot.
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The executive told analysts that reinsurance rates are starting to climb in certain areas, offering opportunities.
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The executive previously held the same role for the EMEA region.
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Caroline Pritchard joins from Crawford & Company where she was global relationship manager.
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The financial services group declines to immediately return the proceeds of vehicle repair and parts business sales to shareholders.
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As owner Exor and would-be buyer Covea conduct exclusive talks, this publication takes the measure of the Bermuda reinsurer.
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Firms open negotiations with talk of double-digit increases after Hagibis, Faxai and Jebi creep.
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Just under a quarter of Covea’s portfolio would be dedicated to reinsurance should its bid for PartnerRe be successful.
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