Retrocession
-
The sidecar will support five programs providing specialty frequency coverages. -
Nick Fallon is the latest in a string of retro-broker moves in the market.
-
The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
-
Syndicate 1440 was approved to assume business incepting January 2026.
-
The ratings agency warned negative PYD on US casualty will likely continue.
-
Covea had requested a stay in the proceedings.
-
This brings the carrier’s total limit on the program to $1.8bn.
-
The broker has nearly 20 years of experience in the reinsurance and retro markets.
-
The Bermuda-based team is led by John Fletcher.
-
The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
-
The role will focus on international treaty, specialty lines and strategic advisory.
-
The terrorism pool has shifted its programme from facultative to an XoL arrangement.
