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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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Gittler joined Axa XL in 2012 and had led the cyber underwriting team since 2021. -
This follows AIG’s voluntary dismissal of claims against Dellwood’s top execs.
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This publication reported yesterday that the two carriers were nearing a deal.
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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.
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