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The key reinsurance gathering may yet go ahead despite Covid-19 uncertainty.
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The hedge fund reinsurer reports an underwriting loss of $1.1mn for the quarter, a fraction of the typhoon-driven deficit of a year earlier. -
The insurer is expanding its programme in line with underlying growth.
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The company has also acknowledged that former Ironshore CEO Kevin Kelley is set to join as non-executive chairman.
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Senior CorSo executive Ashley Hirst will take over innovation and transformation responsibilities at the primary unit.
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The business signals expansion into complementary lines after its 2018 reset bears fruit.
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The four major developments of the week include:
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Reinsurance underwriters and brokers anticipate a Japanese renewal largely unaffected by Covid-19 as negotiations continue to focus on payback for 2018 and 2019 typhoon losses.
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The deal will transfer legacy Pembroke business that still sat with Liberty Mutual Group for the 2018 and prior years of account.
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The Floridian insurer aims to renew just over a third of its private reinsurance placement in cat bond cover.
