Treaty Reinsurance

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.

Aon’s reinsurance solutions CEO, Andy Marcell, said the loss ratios of treaties managed by the brokerage firm performed “pretty well” in the past 10 years.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Nat cat losses added 11.8 points to the combined ratio at 101.5% over five years on average, S&P has found.

The review comes as the company plans to issue a follow-on offering of its shares in early September.

Vesttoo's aim for the partnership is to bridge the gap between the insurance and capital markets, scaling insurance-linked investments as a source for reinsurance capacity.

Contasta joins the Connecticut-based reinsurer after over 14 years at Alleghany-owned carrier TransRe.

The company ceded 75% of gross premiums in 2020.

It is unclear if policies transferred by UPC to other entities through quota shares and renewal rights deals are covered by federal mortgage institutions.

After the bumpy rebalancing away from reinsurance, the firm must now step up to deliver on the plan based around its better-performing insurance unit.

The purpose of the agreement is to allow insurers to meet the guidelines set forth by Fannie Mae and Freddie Mac.