Insurers
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High general liability losses are cause for concern despite modest improvements in other lines. -
Estimates on what a cat five in downtown Miami could cost vary, but it would be painful for reinsurers.
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Insurers have termed the Democrat-backed legislation “flawed”.
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The panel aimed to highlight “synergies” between insurance and litigation finance.
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The line is being launched by Joe Cala and Scott Harper, sources said.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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The acquisition follows a strategic partnership the two struck last August.
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The company filed its S-1 in March, with a 2024 CoR of 93.9%.
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The program includes all perils coverage and subsequent event protection.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
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The legislature did pass Twia reforms, however.
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The executive will remain CEO of reinsurance until September 1.
