Swiss Re
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Philippe Aerni will lead both casualty and financial and professional lines.
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The executive will set up a financial and professional lines unit.
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The insurance exchange has state-wide market share of around 10%. -
Casualty reinsurers looking to continue positive pricing movements seen in 2018 renewals.
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Market sources described a frenetic dynamic between underwriting leaders and followers in the verticalised market.
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Chubb and Swiss Re also provide capacity for the facility, which targets sharing economy businesses.
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The carrier predicts an underwriting result of 1 percent of net earned premiums in 2019 and 2020.
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Above-average cat losses dominate discussions during the P&C earnings season.
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The platform will reinsure Silicon Valley motor liability risks underwritten by Apollo 1969.
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Billions of dollars of additional quota-share cover will also be purchased.
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Before Florence and Michael, rate reductions had looked set to resume.
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