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Convex News
Convex news from Insurance Insider
The ratings agency cited the carrier’s growth and performance.
A positive outcome could significantly curb insurers’ exposure to the loss.
Growth came across all lines, and losses from catastrophe events were within expectations.
Of the 178 passengers and crew on board, no serious injuries have been reported.
Paul Simons joined the company last year from Axa XL as deputy CEO of Convex Re.
Dover and Nersessian-Hristova’s appointments mark the first expansion of Convex US since its launch earlier this year.
Richard Quinn becomes the latest to depart from a property cat-related role at Axis Capital.
The unit led by Dan Kumpf will offer miscellaneous professional liability cover.
The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
The ratings agency has also affirmed the A- FSR of Convex’s UK and Bermudian entities.
The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
Sources suggest the raise could take the (re)insurer's equity base up to the $3bn it initially targeted.
Competitor news
Competitor news
Competitor news
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Court documents show Travelers subsidiary Northfield Insurance is the insurer. -
The move consolidates the company’s leadership of primary and excess construction casualty lines.
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The research team presents the June cat heatmap.
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In Partnership With HiscoxKathleen Reardon shares outlook on reinsurance rates, capital trends, and Hiscox Re & ILS's strategy heading into the January 1st renewals.
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In Partnership WithAs 1/1 renewal discussions kick off in Monte Carlo, casualty reinsurance markets face challenges including US social inflation and a range of emerging risks, said Laure Forgeron, chief underwriting officer, casualty, for Swiss Re.
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In Partnership With AspenAspen's Reinsurance CUO, John Welch, says the company is poised to continue to grow in 2025.
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From our other titles
From our other titles
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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From Insurance Insider
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.
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