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RiverStone is assuming $1.2bn of a $1.6bn legacy deal. -
Andrade flagged expected 5% to 10% increases in the US and Europe.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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Coverages include missed bid reimbursement, contingent bodily and property damage, and drone use violations.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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It is understood that Bezerra will remain based in Miami for his new position.
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This could change if Milton losses turn “ugly”.
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The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
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Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
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The company said $13bn-$22bn will come from wind damage.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
