TransRe
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Plus TransRe contingency losses, Lloyd's chief of staff and a round-up of the rest of the week’s most popular news. -
Paul Bonny and Ken Brandt become co-presidents of global underwriting.
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Casualty rates and T&Cs should improve for 24-36 months, the executive said.
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The move follows the appointment of new London CEO Louise Rose last week.
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Maiden sold the $800mn diversified reinsurance book to TransRe in August last year.
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Latin America offers potential to grow as the reinsurer welcomes Jorge Beltran as regional president.
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The TransRe North America CUO noted significant rate decreases across other liability lines in 2018.
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Casualty reinsurers looking to continue positive pricing movements seen in 2018 renewals.
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The reinsurer will use the firm’s Quest Marine platform to structure programmes.
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Reinsurers now have fresh impetus to argue for flat renewals at 1 January.
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The agreement for the casualty facultative reinsurance business comes after up-for-sale Maiden struck deals with Enstar and TransRe.
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Enstar and Catalina have made approaches to buy the remainder of Maiden.
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