RenaissanceRe

Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.

The Bermudian has been reducing exposure in Florida for almost a decade.

The Insurance Insider US news team runs you through the earnings results for the day.

The 100% equity award will vest in full after five years.

With mixed results in the reinsurance space, the specialty pivot remains a "show-me" story.

The initial plan was to renew $2.7bn of the acquired book.

The Insurance Insider US news team runs you through the earnings results for the day.

Additional disclosure following the RenRe acquisition reveals results for both carriers for the nine months to 30 September last year.

Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.

Other senior executives, including CFO Robert Qutub and general counsel Shannon Bender, received stock awards of $750,000 for their involvement in the Validus Re acquisition.

The number of staff retained contrasted with more dramatic cuts made after the acquisition of Tokio Millennium and Platinum.

After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.