Reinsurers
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The shares will be purchased via the open market or private third-party transactions.
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It makes sense for Next to secure a sale as an exit strategy in an increasingly challenging funding environment.
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The executive has managed both casualty and personal lines reinsurance books.
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Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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The insurance industry has experienced mounting losses from severe convective storms.
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The agency collects gold standard data and conducts research. Without that, there’s more uncertainty.
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Kathleen Reardon, CEO of Hiscox Re & ILS, also talked about the impact of the California wildfires and why it’s important for cedants to work with a reinsurer with strong underwriting and modelling skills when disaster strikes.
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The carrier was seeking to expand its March 1-renewing program.
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He also joined Everest’s board last week as an independent director.
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The non-peak peril is not secondary anymore.
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While significant, the fires are expected to be an earnings rather than a capital event for the industry, John Huff, CEO of the Association of Bermuda Insurers & Reinsurers, said.
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