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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc. -
Insured losses were the second highest on record for the first quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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Alex Amezquita will fill Cahill’s previous position as CFO.
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The business will still look at large non-life deals in particular in-the-money ADCs.
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Live since May 2023, the reinsurer has over 40 trading relationships currently.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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Erik Manning is joining the business from BMS as head of ceded reinsurance.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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The package comprises a $100mn cat bond and a $70mn sidecar.
