Treaty Reinsurance

The Bermudian total return (re)insurer affirmed Daniel Malloy as CEO and appointed him to the company’s board of directors.

The ratings agency said that greater cat exposure could increase future volatility.

Investment income increases, while the group’s non-life run-off operations and Lloyd’s business Atrium post an improved performance.

It’s tough out there for total return reinsurers. Our view is that the current valuations of total return reinsurers are unsustainable, and that the group are vulnerable to M&A and activism.

The completion of the agreement follows a prior extension of the deal deadline.

P&C rate growth accelerates to 4 percent from 1 percent.

Juan Andrade’s insurance background hints at international growth.

The Canadian conglomerate will buy out all of Omers minority stake in Brit.

The Allianz CFO says a portfolio review could lead to shrinkage at the big-ticket specialty unit.

The ratings agency says the Emmanuel Clarke-led reinsurer’s balance sheet strength is “at the strongest level”.

The co-CEO warns a higher catastrophe frequency and severity also calls for more rate.

CFO Michael Burwell attributed strong reinsurance growth to resulting favourable market conditions.