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The vehicle will support Ascot’s casualty business in the US and Bermuda. -
Nationwide will delegate management of the policies to Ryan Specialty.
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The CEO said business remains adequately priced in most classes.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The carrier said market dynamics were shifting due to increased capacity.
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This brings the carrier’s total limit on the program to $1.8bn.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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The executive left Lockton Re in June after almost six years.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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Jill Beggs was most recently COO for reinsurance.
