Treaty Reinsurance
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The company will split out its Florida reinsurance tower and will cede Uri losses to reinsurers after facing six cat events in the past year. -
The merged entity will also look to focus on higher margin lines and invest in InsurTech.
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Alleghany’s combined ratio improved 15 points to 98.9% over the period, driven by a 13.5% fall in the carrier’s loss ratio.
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Tucker previously worked for Axa XL, and AmTrust and Flagstone Re before that.
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In other appointments David Govrin becomes global CUO and Americas reinsurance president, and Monica Cramér Manhem international reinsurance president.
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The PE house will inject growth equity capital into Premia after the all-paper deal.
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The deal comes shortly after the legacy specialist established a $265mn sidecar, Elevation Re.
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Regional per occurrence deals were also down compared to last year, but Validus lifted its retro cover by $75mn.
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Argo is looking to redeploy capital from reinsurance and into high growth US E&S.
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The new board member has worked for the Agnelli family for over 20 years.
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The carrier also expects to report $23.4mn of reserve strengthening in its results on 25 February.
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The company also lowered the attachment points on its per-occurrence and aggregate property catastrophe treaties after shrinking its portfolio.
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