SiriusPoint

In an interview with Inside P&C, Prashanth Gangu also argued that InsurTechs should stay private for as long as possible, and InsurTech MGAs should not rush to transition to full stack until they prove that their business models work.

Based in Zurich, Kull will oversee SiriusPoint’s risk management strategy.

The partnership will provide LimitFi with capacity to provide credit insurance, and SiriusPoint with immediate access to credit insurance opportunities.

The (re)insurer remains committed to cutting volatility and adjusting its risk profile by moving to specialty segments and repricing businesses where margins are inadequate.

The (re)insurer’s combined ratio spiked to 152% after taking $132mn in losses from the European floods and $100mn in claims from Hurricane Ida.

The speciality insurer is also providing multi-year capacity and paper to the climate risk shop.

Speakers and panelists pondered the future – specifically InsurTechs, social inflation and low investment yields.

As head of Americas P&C, Patrick Charles will expand strategic partnerships and oversee the launch of products and services.

Brendan will be responsible for global reserving, pricing and improving the company’s underwriting profitability.

The deal will allow Corvus to write up to $100mn in new business over the next 12 months, with SiriusPoint initially providing all the program’s reinsurance capacity.

The Silicon Valley-based Vouch, launched in 2019, raised $90mn at a $550mn valuation in its Series C round.

The upward revision reflected significantly increased industry expectations, it said.