Treaty Reinsurance
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Axis and AIR partnered with the think tank on the study.
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Citizens projected it would cede $94mn in storm losses to reinsurers but has cut this to $62mn. -
InsureTrust founder and CEO Steve Haase is to retire following the sale.
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The deal including 2019 and prior-year business covers about $500mn of loss reserves.
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The outgoing finance chief will stand down in July but stay on in an advisory capacity until the end of the year.
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Inside P&C places the key news from the past week under the microscope.
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Scully fills a gap left by the departure of Steve Hartwig to Ark last year.
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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis.
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The fast-growing cyber platform will write cover for businesses with revenue of up to $1bn.
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He reports directly to Jonathan Zaffino and will join the business later in Q1.
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The outgoing chief will stand down in April after 23 years with the carrier.
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Sources warn further unrest is possible and anticipate rising demand for SRCC and even full political violence cover.
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