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Berkshire Hathaway writes ~$400mn line on Floridian carrier HCI’s reinsurance treaty

The chunky deal comes as many reinsurers are heavily cutting their Florida cat books.

Fiona Robertson, 31 May 2022
TSR keeps above-norm hurricane forecast as season set to begin

The predictions include a scenario that could produce environmental factors that increase risk in late summer and autumn.

Eileen AJ Connelly, 31 May 2022
Openly taps Everest Re’s Landi as head of reinsurance

Openly completed its first significant catastrophe excess of loss placement, with a diverse panel of reinsurers across London, Bermuda and the US.

Giovanna Bellotti Azevedo, 31 May 2022
Acrisure’s $725mn Abu Dhabi-led funding injection values broker at $23bn

The anticipated funding round is perceived as a steppingstone towards public listing.

Samuel Casey, 31 May 2022
Florida long-term tort reforms exceed expectations

Insurers are still fighting to survive as reinsurance costs rise and availability dries up.

Farhin Lilywala, 31 May 2022
MGA Rokstone takes Barents Re marine cargo head Burns

The appointment comes after the MGA brought new capacity to the cargo market last year with a $18mn facility.

Samuel Casey, 31 May 2022
Lloyd’s to lay out pathways for BP2 adoption for brokers

The Corporation will hold crucial sessions with brokers next month to set out how brokers will integrate with digital solutions.

Marcel Le Gouais, 31 May 2022
Global (re)insurers cut 2 points from combined ratio in Q1: Gallagher Re

The broker’s analysis found rate increases and lower cat experience contributed to strong underwriting results.

Liz Bury, 31 May 2022
Lockton Re confirms capital markets hire of Breslin

The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.

Fiona Robertson, 31 May 2022
Darag consolidates global operations in efficiency drive

As part of the changes, North America CEO Dan Linton – who operates out of Bermuda – is to leave the company, while around half a dozen employees will be made redundant.

Catrin Shi, 31 May 2022

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