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Latest Aspen News from Insurance Insider US
The executive replaces Mike Warwicker, who left the firm earlier this year.
The underwriter has held positions at The Hanover, Liberty Mutual and Zurich.
The company completed its upsized IPO last week and traded up to 1.3x book.
The company’s upsized public offering priced at $30 per ordinary share.
The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
The carrier is offering shares priced at $29-$31.
The Insurance Insider US news team runs you through the earnings results for the day.
In October, this publication revealed that the carrier had resumed IPO preparations.
Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
The business put up strong H1 numbers, and has named Christian Dunleavy group president.
Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
The Insurance Insider US news team runs you through the earnings results for the day.
The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
Dellwood recently appointed Aspen’s Felicia Rawlin as head of property.
The carrier will reassess the market in the fourth quarter, or early in 2025.
Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
The companies originally established the capacity agreement in January 2023.
The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%.
The deal adds to Aspen’s existing support of the InsurTech in the UK and Canada.
Woodlands Financial Services listing is likely in Q2, but overall environment is subdued.
Putting together two “show me” stories risks investor skepticism.
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Steve Horton, President of Liberty Mutual Bermuda, on AI's transformative role, challenges, and potential in reshaping the insurance industry.
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From Insurance Insider US
HSCM among stock sellers in Slide’s $408mn IPO
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
From Insurance Insider US
Compre appoints HSCM’s Bardon to newly created CUO role
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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Climate change remains a ‘pervasive threat’ to economy: Swiss Re CorSo North America CEO McGrath
Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.