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Frustration is growing around a promised independent operating model and staff reward. -
Lee Mooney will replace Neil Galjaard, subject to regulatory approval.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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The company also has $100mn for US hurricane events.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
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Plus, the latest people moves and all the top news of the week.
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A roundup of all the news you need, including our interview with Conduit Re’s new CEO.
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Most of the losses are attributable to a supercell storm in Texas.
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Eckert said the reinsurance market is still at historically well priced levels.
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The executive replaces Mike Warwicker, who left the firm earlier this year.
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A 20% increase in FHCF retention levels sent cedants to the private market.
