RenaissanceRe
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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RenaissanceRe CEO Kevin O’Donnell explained on an earnings call his take on the mid-year renewals and a relatively low impact of the Ukraine war.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The firm reported that net claims and claims expenses incurred related to the invasion had a $27.1mn negative impact in the casualty and specialty segment.
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The committee is the most senior management team at the Bermuda company, responsible for governance and strategy of the firm.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”
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The new platform extends RenRe’s suite of ILS and reinsurance strategies.
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The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.
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Carr was previously SVP, global head of property catastrophe at the reinsurer.
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RenaissanceRe has nominated Shyam Gidumal to its board, while Jean Hamilton is set to retire from the board in May 2022.
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The move has emerged after Axa XL and Hamilton took decisions to move reinsurance books out of Lloyd’s.
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