Treaty Reinsurance

Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.

The executive also noted that proactively reducing Greenlight’s exposure to the auto market was a “good decision."

Chamness also sits on the boards of carrier NAMIC Insurance Company, data provider Carpe Data and Insurance Institute for Highway Safety.

The carrier also expects to close Allstate Life Insurance sale to Blackstone-backed Everlake later this year.

Two Sigma has delivered stellar returns, but its major role at the firm makes it a total return (re)insurer, with all the baggage that carries.

Former Swiss Re actuarial executive Julie Halper has also joined Toa’s US branch, as its new chief actuary.

The expansive MGA has launched into a number of lines of business in the past year.

Lockton Re has confirmed the appointment of industry veteran Rob McNamara as the new head for its North America facultative business.

Geico’s loss ratio jumped by nearly 18 points in the quarter on higher claims frequency, on par with results at personal auto rival Allstate.

The Texas Big Freeze plus an active hurricane season could see losses balloon in 2021.

Axis Re, the reinsurance arm of Axis Capital, has announced the appointment of Matt LoPiccolo to a strategic account executive role with a remit to drive broker engagement.

The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.