Treaty Reinsurance
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US cat events in June resulted in some 250,000 insurance claims being filed and four deaths.
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Non-life lines have fared better than life products and premium volumes may fully recover in 2021.
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The Northeast P&C insurer said it is expecting AM Best to review its financial strength rating in response to the cutback.
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The ratings agency expects the residual market to grow as private carriers are under pressure. -
Two ILS leaders are working on a new launch with strategic broker and reinsurer alliances in place, sister title Trading Risk revealed.
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The program was largely left intact on an exposure-adjusted basis, after undergoing a restructure in 2019.
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Sara Steiner joins from RenaissanceRe, where she was most recently vice president of casualty treaty.
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Proceeds of the 30-year bond sale are earmarked for “general corporate purposes”.
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The annual event was previously scheduled to take place in Orlando.
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The unnamed global reinsurer will provide cover across a number of manufacturing and contractor lines.
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Scott Mackie reports to property treaty SVP Richard Mairano.
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Uniting our offerings for the US market will create a solution with unrivalled breadth of coverage.
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