Retrocession

  The legacy firm will create a Cayman Islands-based entity capitalized with up to $500mn under the agreement.

Former Marsh broker Richard Green becomes regional head.

Jonathan Hughes becomes a London-based partner at the US intermediary.

Nothing is ever as short-tail as it seems.

Ten years ago, I walked into The Insurance Insider office for the first time, flagrantly breaking the first commandment of insurance journalism: never start a new job the week before Monte Carlo.

The ILS manager said it had extracted a 43 percent rate increase from buyers of the retro product and expected rates to hold stable in 2019.

Who is willing to pay up when 2019 is widely expected to bring a return to pre-HIM conditions?

Uncertainty around industry losses from the 2017 disasters was beyond what would normally be expected at this point after an event.

The executive will focus on retrocessional property catastrophe business at the Bermuda company.

The new ILS manager is using a fund-of-funds approach to target institutional investors.

The Lloyd's insurer launched its UK-based sidecar NCM Re with $72mn of capital in January.

The executive is currently head of the broker's local retrocessional practice.