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The move comes as the broker rebuilds its Bermuda team.
The Bermuda reinsurer has been active in ILS since launching in 2007.
Plus, the latest people moves and all the top news of the week.
The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
Louis Tucker established and later sold Barbican Insurance to Arch in 2019.
Losing senior women creates a knock-on effect as juniors lose role models.
The mortgage insurer said Inigo will continue to operate as a standalone business.
The CEO said the lack of portfolio crossover was highly attractive to Inigo.
The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
Alessa Quane will report to Sompo P&C CEO James Shea.
The deal becomes part of a wave of carrier dealmaking.
The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
The deal marks the latest step in Catalina’s shift from P&C to life run-off.
The broker said insurers were facing increasing pressure to improve financial performance in claims.
It said the loss did not reflect the underlying economic performance of the business.
This publication revealed in February the incident was expected to lead to a major claim.
The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
A decision in relation to who bears which legal costs will be reached at a later date.
The carrier plans to reduce 623’s stamp by around 10% next year.
The measures also seek to encourage greater wildfire mitigation efforts.
The combined casualty treaty team has also made a number of hires.
Age has not been addressed as much as other areas of diversity, the panel said.
There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
Competitor news
Competitor news
Competitor news
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Reinsurer executives stressed that the industry worked hard on setting the right structure. -
The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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Plus, the latest people moves and all the top news of the week.
Insider On Air: Our Webinars & Podcast Channel
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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Bob Hartwig, Professor of Insurance with the University of South Carolina, discusses the resilient US economy, election impacts and future growth in specialized insurance sectors at the Target Markets conference in Scottsdale, Arizona.
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In Partnership With Origin SpecialtyJerico Vinsonhaler, VP & Head of Workers Comp for Origin Specialty Underwriters discusses a soft workers' comp market amid rising coverage challenges, at Tarket Markets 2024.
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In Partnership With HowdenMitchell Rosenberg, Managing Director for Howden Capital Markets & Advisory shares key ILS market insights and investor sentiments ahead of 2025, at the ILS Connect 2024 conference in New York.
From our other titles
From our other titles
From our other titles
From Insurance Insider
CNA Hardy names Booth head of specialty as Berman departs
Ariel Berman joined the company as head of specialty in 2023.
From Insurance Insider ILS
Akinova plans agg umbrella offering for bluechip insureds
The tech firm is building a joint stock company with insurers and investors.
From Insurance Insider ILS
Fermat UCITS Cat Bond Fund rises to $2.3bn in AuM
Victory Pioneer Cat Bond Fund also added assets in the past month.
From Insurance Insider
Property cat aggregate placement grew 50% in 2025: Aon
Supply for property outstrips demand, but the casualty market is “bifurcated”.
From Insurance Insider ILS
Hannover Re to set up ILS platform in Bermuda
Aaron Garcia will hold a senior role at the operation, sources have confirmed.
From Insurance Insider ILS
Cat bond funds outpace private ILS by 2.01 points in H1: ILS Advisers
The ILS Advisers Fund Index reported a profit of 1.11% in June.
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