-
The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
-
Fema's traditional reinsurance programme will attach at losses of $7bn and above.
-
CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
-
The reinsurer is planning to drop its cession rate from 40% to 30%-35%.
-
The firm has helped underwriting businesses secure $3.5bn in capital.
-
The loss tally is considerably lower than estimates issued by model vendors.
-
In line with Milton’s moderate forecast loss, the ILS market reaction will be less influential in post-event dynamics.
-
The raise includes minority investments from Nationwide, Enstar and others.
-
Changes to the categorisation and oversight of managing agents seek to reduce duplication and thereby cut costs.
-
Cat bond funds have been attracting inflows while confidence is patchier across collateralised re.
-
The company increased its full year 2024 adjusted net income guidance.
-
The proposals include increasing either statutory or CRTF funds.