-
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.
-
Most of the losses are attributable to a supercell storm in Texas.
-
The company also has $100mn for US hurricane events.
-
A 20% increase in FHCF retention levels sent cedants to the private market.
-
The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
-
The executive will also continue as MD overseeing Caribbean fac.
-
A historic cat loss year remains a possibility as storm losses accumulate.
-
SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
-
Spicer will transition to a global specialty executive chairman role.
-
She will continue to work with the executive team on key projects and initiatives.
-
Two large storms hit the Midwest and Ohio Valley regions on May 14-17 and May 18-20.
