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The European (re)insurance supervisor said correlation to financial market risk made the idea a challenging one while reinsurance appetite is also very limited.
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Also, an update on Lavant, company 2020 results and a round-up of our biggest stories of the week. -
Insurers are taking a “cautious approach”, especially with new risks, but overall capacity is at an all-time high.
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The move follows Fidelis’ decision to hand back $275mn it had raised for a retro vehicle.
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The reinsurance unit of the Spanish group takes a near-EUR80mn full-year hit on the pandemic.
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Robertson will join as deputy group CEO before taking the CEO job, with Michael Watson staying on as chairman.
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The Bermudian expects pricing momentum to continue this year.
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The reinsurer completes its EUR453mn deal for 29.5% stake in French trade credit carrier.
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The appointments follow the promotion of Jeremiah Konz to chief reinsurance officer.
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Event definitions were also tightened at renewals, the broker said.
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The Australian carrier reported a 3% increase in reinsurance spend over the six-month period.
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The start-up changes its business model to selling data structuring and analytics services.
