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The broker’s international chairman noted shifting attachment points on wind deals and reshaped aggregate covers. -
The investor will focus on late seed and Series A funding rounds as it widens its geographical remit.
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Former Aon broker Charlie Simpson will lead the broker’s platform in Bermuda.
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The hedge fund reinsurer reports an underwriting loss of $1.1mn for the quarter, a fraction of the typhoon-driven deficit of a year earlier.
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The Floridian insurer aims to renew just over a third of its private reinsurance placement in cat bond cover.
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Whether the Texas Deep Freeze ends as a $12.5bn, $15bn or $20bn insured loss, it will be a medium-sized cat event that will deal an earnings hit to carriers with exposure to the affected states.
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Hannover Re and Fidelis provided significant capacity on the Munich Re-led programme.
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The merged entity will also look to focus on higher margin lines and invest in InsurTech.
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The Insurance Capital Fund combines US wind cat bonds with subordinated debt issued by European insurers.
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The company also lowered the attachment points on its per-occurrence and aggregate property catastrophe treaties after shrinking its portfolio.
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The EU’s chief insurance supervisor advocates adding on pandemic to existing national schemes.
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The European (re)insurance supervisor said correlation to financial market risk made the idea a challenging one while reinsurance appetite is also very limited.
