Treaty Reinsurance
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Are emerging frequency benefits a simple symptom of an unprecedented economic environment that will inevitably mean revert, or will a changing economy lead to a secular shift?
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The InsurTech firm will provide parametric quake insurance to Quickbooks clients in California.
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Mike Connelly was previously The Hartford’s specialty commercial CFO.
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The additions follow the arrival of Macrane from Willis Re and Broadnex from Guy Carp.
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CEO Alan Schnitzer acknowledges coming reinsurance rate hikes.
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The hedge fund reinsurer offered to merge with Sirius in May 2018, before the company’s listing on the Nasdaq exchange.
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Hurricane Delta triggered the carrier’s aggregate reinsurance programme.
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Backing comes from industrial investor Ajay Kumar through his family office.
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Staggering changes in the casualty insurance market are feeding through to reinsurers, according to US P&C president Keith Wolfe.
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The Bermudian is adding $10mn-$15mn to its Covid loss estimate as claims climb.
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Chris Sitowski joins the carrier from Chubb North America.
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The reinsurer dubbed "Vantage" also secures Aurora Swithenbank as CFO.
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