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Aspen is the latest to pass the risk of unfavourable reserve development on to reinsurers. -
The carriers claim in a lawsuit that Maiden wrongfully stopped paying claims in late 2018.
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The carrier said the market was in the early stages of rate change and it was hard to know how long improvements would last.
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The executive told analysts that reinsurance rates are starting to climb in certain areas, offering opportunities.
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The stock-performance-related plan comes as the carrier extends Dominic Silvester's contract, and those of the president and COO, by three years.
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Legacy specialist continues expansion with first Montana captive.
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The legacy carrier is understood to be looking for a replacement with public sector experience.
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The Pine Brook founder (pictured) becomes deputy chairman immediately and will take the chairman's role in about a year's time.
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The live carrier will cease writing business with immediate effect and become a platform for the legacy acquirer's Asian run-off expansion.
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The legacy carrier is in line to seal RITC deals following the closure of its acquisition of CTMA and Syndicate 1884.
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The ratings agency said the transaction reduced the carrier’s exposure to higher risk legacy products.
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Investment income and an improved performance at StarStone lift the group result.
