Treaty Reinsurance
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The reinsurance chief sees no role for the ILS market, as pandemics are "badly defined", with no clear end point. -
The Swiss Bank said that the broker did not disclose issues around the supply chain financier’s insurance coverage.
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The legacy specialist is balancing its portfolio with select MGA investments.
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Claims from winter storms have exceeded the carrier’s $80mn retention for its property XoL treaty.
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Co-CEO Patrick Haveron warns longer tail investments will require further “seasoning”.
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Written comments should be submitted by email by 3 May and the draft methodology is available online.
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Allianz and Axa take key roles in $600mn fundraise by FinTech Stripe$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
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Brian Boornazian will take on the role of executive chairman, with Emil Issavi as CEO.
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The hedge fund reinsurer reports an underwriting loss of $1.1mn for the quarter, a fraction of the typhoon-driven deficit of a year earlier.
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The company will split out its Florida reinsurance tower and will cede Uri losses to reinsurers after facing six cat events in the past year.
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The merged entity will also look to focus on higher margin lines and invest in InsurTech.
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