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Nearly three months on, the event still seems heavily stacked towards residential claims. -
An RAA study found that for the nine months ended September 30, the combined ratio for group of US reinsurers deteriorated by 0.5 points to 100.7%.
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The fundraise will support collateralised reinsurance deals with the firm initially targeting Californian wildfires.
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The reinsurer and the tech firm will collaborate on driverless vehicle products.
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The ratings agency expects the carrier’s underwriting performance to improve in 2022.
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Two thirds of natural catastrophe losses are currently unprotected globally, but this is expected to decrease in the future.
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The Berkshire Hathaway-owned carrier is looking to make “major contributions” to the region.
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The four major European reinsurers reported strongly improved results in the first nine months of 2021, despite the heavy toll of catastrophe claims, according to analysis from Fitch.
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Ardonagh’s reinsurance business Inver Re has hired former Howden executive Nick Griffiths as a director.
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UnipolRe has pulled out of writing property cat excess-of-loss business as it became the first reinsurer to fully exit the class based on the impact of climate change, Insurance Insider can reveal.
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Swiss Re, Munich Re, Hannover Re and Scor have set out divergent strategies on cat as volatility increases and the retro market seizes up.
