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The Scor executive called on regulators to trim capital requirements.
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I remember having a conversation with a (re)insurance executive when they had hired a team to enter a horribly priced line of business.
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Before Florence and Michael, rate reductions had looked set to resume.
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The executive was responsible for a ceded reinsurance portfolio of more than $4bn
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The all-cash purchase price fell slightly below initial expectations of a $1bn-plus valuation for the Bermudian manager.
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The London-based asset manager has raised more than $600mn for life ILS strategies since July.
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The Bermudian firm’s management team is praised for its ‘excellent job’ in growing its AuM.
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The commercial pool will bring together traditional and ILS capacity, it was announced.
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The ILS fund manager had received approval to operate the SPA next year, though the Corporation rejected an application to convert the vehicle into a full syndicate.
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Former Marsh broker Richard Green becomes regional head.
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The figure has crept by 6 percent since June.
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Climate change is climbing up the (re)insurance agenda.