Treaty Reinsurance
-
The underwriting venture, Florida Re, will target both US and LatAm markets. -
The company is currently “underweight” in that line of business, he added.
-
The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.
-
The broker reported that global reinsurer capital reached a record of $695bn as of June 30.
-
“They want to grow their portfolios,” Guy Carpenter's CEO added.
-
Return on capital employed hit 13% last year as the cost of capital fell to 8%.
-
The CEA has $326.4mn towards risk transfer, 44% below budget.
-
The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
-
-
In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
-
The carrier purchased an additional $150mn of cover.
-
The tower now represents a 47% increase from 2023.
Related
-
Conduit names Pritchard interim CUO after Roberts departure
April 22, 2025 -
Fema's NFIP receives 54,000 Helene claims, pays $480mn
October 28, 2024 -
BMS Re vice chair Chandler retires
October 23, 2024 -
New Arch CEO Papadopoulo to receive $1.3mn annual salary
October 15, 2024