Interviews

The Category 1 storm’s landfall on the east coast of Florida would be a “manageable” cat event that hurts primary carriers more than their reinsurers, he said.

The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis.

The declining number of IPOs has reduced demand for public D&O cover and created competition, but current rates may not adequately price the risk, the executive said.

Licensed in Arizona, the (re)insurer will play only in non-nat cat specialties by providing low limits coverage in transportation, ocean/inland marine, cyber and GL lines.

Core Specialty CEO Jeff Consolino noted that the recent Hallmark deal places the firm among the 20 largest E&S writers.

The event will be a combination of all three perils – wind, storm surge and precipitation-induced flooding – says meteorologist Jeff Waters.

The incoming CEO said growth areas would include the middle market, Asia, LatAm and MGAs.

Cowbell Specialty will augment the InsurTech’s existing panel of 15 reinsurance partners, without replacing any of the current programs.

The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility.

Westfield will take on 2021 and 2022 as part of the agreement, but it is not yet clear if 2020 will be included in a legacy deal Argo struck this year for 2018 and 2019 in the run-up to sale.

Ned Rand said that while the ruling opens up exposure for physicians and hospital operators, he anticipates more criminal exposure than medmal exposure.

The executive also said that his MGA firm has the growth trajectory to become the biggest in the world.