Reinsurers
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The reinsurer said the market was unprofitable and pricing needed to increase immediately. -
Inflection sets in for insurance stocks as macro albatross gets heavier.
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The company also hired Beazley’s Tracy Holm as general counsel.
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The executive will oversee Howden Re’s treaty and fac business in Miami as well as the firm’s specialty insurance unit.
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The broker said the burgeoning class of business was still finding its stride.
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The carrier is offering shares priced at $29-$31.
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Here’s the five-pillar playbook for insurers ready to move from pilots to profit.
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His leadership roles included overseeing the firm’s capital solutions group.
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Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.
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The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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However, the firm will take a “conservative approach” until the improvements are shown in data.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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