RenaissanceRe
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Michael losses are likely to fall on the reinsurance market due to the low attachment points of the Floridian homeowners’ insurers. -
The Insider 50 rose 0.5 percent last week to reach 1,155.8 index points.
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Holding an asset because you think someone else will ultimately buy it from you at a higher price is called a “greater fool” thesis.
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The firm’s strength as an alternative capital provider may prove a lure, analysts say.
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The Bermudian carrier has come under pressure from activist investor TimesSquare Capital to take advantage of market consolidation.
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The investor claims various potential acquirers would "covet" the Kevin O'Donnell-led reinsurer.
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Validus, Nephila and Everest lead reinsurers providing Irma payouts to Citizens.
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The German reinsurer’s gross written premium rose to $37.8bn to reclaim the top spot in AM Best’s rankings.
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The Cal Phoenix Re cat bond was the first cat bond to cover wildfire on a standalone peril, as well as the first third-party liability issuance.
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Property cat reinsurance rate rises still lag behind those of primary insurance, executives said during Q2 conference calls.
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Other similar types of platform in the Bermudian (re)insurer’s portfolio have also grown.
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The Insider 50 grew by 1.5 percent last week, with all but 13 companies in the index posting a gain in their share prices.
