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Insurers have termed the Democrat-backed legislation “flawed”.
The executive has 15 years of experience in meteorology and cat analytics.
The panel aimed to highlight “synergies” between insurance and litigation finance.
This publication revealed back in February that Itel was being prepared for a sale.
The deal values the company, formerly PCF, at roughly $5.7bn.
The line is being launched by Joe Cala and Scott Harper, sources said.
DUAEs are increasingly leveraging specialized expertise to address underserved risk.
Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit.
The acquisition follows a strategic partnership the two struck last August.
Muñoz was also Aon Re chairman for the Latin American region.
The legislature did pass Twia reforms, however.
The executive will remain CEO of reinsurance until September 1.
Up to nine million acres of US land are considered likely to burn.
A week ago, this publication revealed that Slide was pressing ahead with its IPO plans with an S-1 filing.
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
The company also has $100mn for US hurricane events.
The Floridian also secured $352mn of multi-year coverage extending to 2027.
Companies often purchase policies with limits far exceeding their actual exposure needs.
The executive replaces Mike Warwicker, who left the firm earlier this year.
A 20% increase in FHCF retention levels sent cedants to the private market.
Bredahl has been appointed CEO and Bonneau as chairman.
This will allow Ark to write business on surplus line paper and Lloyd’s business.
The deal leaves premier surety as Travelers' sole Canadian portfolio.
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Competitor news
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial. -
The executive will be responsible for leading E&S primary and excess casualty.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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Behind the Headlines Podcast
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In Partnership With PwCArthur Wightman, Territory Leader for PwC Bermuda discusses industry challenges and Bermuda's key role in reinsurance growth and climate initiatives.
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In Partnership With Fidelis PartnershipCharlie Matthias Deputy Chairman and Group Executive Director for The Fidelis Partnership discusses how ESG practices can drive societal change, improve underwriting, and ensure sustainable growth in insurance.
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In Partnership With AXISJoe Dutton, Energy Innovation Lead for AXIS, discusses the role of insurance in supporting new energy technologies.
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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.
From Insurance Insider
Reinsurance market 'responsive' for 1.1 with ample capacity: GC
A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.
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.