Retrocession

The Insurance Insider takes a look at reinsurance market dynamics after “near-miss” Dorian.

Andrew Barnard will serve as CEO of new ILS platform Lodgepine with two colleagues taking on investment management roles.

Despite shrinkage of the overall pool, new capital providers have entered the market in recent months, the ratings agency said.

The latest increase has pulled its cumulative returns since inception down to a loss of 52.9 percent for ordinary shares, as prior-year gains have been more than wiped out by 2017/18 disaster events.

The new recruit joins after a 19-year international career with Axa XL.

The Reinsurance Opportunities Fund has started a buy-back process after shareholders voted in favour of a run-off.

In the hot summer of 1954, on the Cote d’Azur, Picasso created more than 60 portraits of his teen artist neighbour Sylvette David.

CFO Vogel says the impact of the event has yet to feed through into rates.

The executive promises a broader managed funds vehicle, whose strategies will also differ from those of Nephila.

Last week, Markel said it was placing its retro fund manager Markel Catco into run-off, as part of a restructure that will see a fresh retro play brought to market for 1 January 2020.

The company is also placing its Markel Catco reinsurance fund into run-off.

Half of the $700mn capital raise was allocated to DaVinci “based on opportunities arising from organic growth”, he said.