Reinsurers

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.

Sources are now seeing estimates far in excess of Cresta’s $2.2bn October tally.

Last year’s APCIA took place during the post-Hurricane Ian stand-off, but despite the greater calm and certainty surrounding the run-up to this year’s 1 January renewal, there are several key themes to be debated at the event.

Tim Mardon will become CUO at Aspen Bermuda Limited and a member of Aspen Re’s leadership team.

Work is at an exploratory stage, with efforts focused on London specialty and US P&C mid-market expertise.

Reinsurers are also determined to secure structural changes and payback from Italian, Slovenian and Turkish cedants at 1 January 2024.

With new leadership at some of the largest continentals, there will be close attention to how their tactics in changing lines of business will evolve.

E+S Rück said that natural disasters and persistently high inflation have again "taken a toll" on the German insurance industry.

Reinsurers are taking aim at pockets of European risk that escaped retention and rate rises last year.

The executive brings more than 25 years of global reinsurance broking experience to the new company.

Sources said the Houston, Texas-headquartered program manager is now writing business on Sutton National paper.

The New Zealand-based carrier has also decreased the upper limit of its catastrophe programme from NZ$934mn to NZ$750mn.