Treaty Reinsurance
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Stephen Postlewhite will succeed the executive as managing director.
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The deal boosts Fema’s total reinsurance cover to $2.53bn.
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Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
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Analyst Philip Kett says he’s “more constructive” on the Corporate Solutions outlook.
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The appointment is still awaiting regulatory approval.
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The surprise move reflects a desire to bolster profitability at the specialty business, group CEO Buberl says.
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The International Group originally notified reinsurers of a $115mn loss.
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Richard Milner joins as senior managing director at Aspen Re International.
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The carriers claim in a lawsuit that Maiden wrongfully stopped paying claims in late 2018.
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Earnings decline in the international non-life business of the Japanese carrier.
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The firm returns to the black at underwriting level with a combined ratio of 95.8 percent.
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The insurer said it had shaved about 7 percent off overall reinsurance costs.
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