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A quick roundup of today’s need-to-know news, including HP Re, Howden, US storms and Axa XL. -
Brian Young is now Fairfax president, while Carl Overy is Odyssey CEO.
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The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
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The executive has also worked for AIG and Ace.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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Saunders will remain with the firm as a senior advisor in a part-time role.
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CA insurers can now use forward-looking cat models in ratemaking.
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Sources said that with the equity refinancing, Alliant secured an enterprise value of ~$25bn.
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A quick roundup of today’s need-to-know news, including Alliant and Stone Point’s equity recapitalization and January 1 reinsurance renewals.
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The MGA will become part of binding authority unit Amwins Access.
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Abundant capacity was driven by reinsurers’ retained earnings after two profitable years.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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