Reinsurers

The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.

RedRiff Agency will underwrite A&H insurance and reinsurance through a Lloyd’s consortium led by Beat 4242.

It is expected to have a negative impact on profit after tax in 2024 of approximately $500mn.

The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.

The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.

Does one party – the carrier or the cedant – have to lose out for the other to succeed?

The bill removes a previous Farm Bill requirement mandating that carriers purchase unlimited catastrophic reinsurance. Instead, companies can purchase “adequate” catastrophic reinsurance.

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Other senior executives, including CFO Robert Qutub and general counsel Shannon Bender, received stock awards of $750,000 for their involvement in the Validus Re acquisition.

Variations between the casualty and cat markets mean 2024 cat outcomes may be far less uniform than they were this year.

The mood at the association’s annual meeting is vastly more congenial this year, but challenges remain, particularly around long-tail lines.

After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.