Treaty Reinsurance
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Demand for cover will increase, with "modest tightening" likely as the year progresses, the broker says. -
Pablo Munoz will assume the role of CEO of reinsurance solutions for the region.
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The insured loss total is more than one third down on the 2018 tally of $80bn.
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Unmodelled cat losses are prompting a reassessment of pricing, the broker said.
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The executive will work closely with international CEO Vincent Vandendael in the new post.
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The equity research group says international P&C losses look likely to exceed earlier expectations.
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Newbridge founders Kirby and Buchanan are to move with immediate effect.
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The carrier’s quota-share reduces the cost of the first event to about $118mn, unchanged in Australian dollar terms from last year.
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Relatively contained gains on pricing contrast with bullish views on reinsurers' prospects.
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The activist backs down from a bid to prematurely oust five Argo directors.
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Rate growth fails to meet early expectations but the market is clearly tightening in aggregate.
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The Daniel Plants-led activist wants to remove five directors before their scheduled departure date and put replacements to a vote.
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