Treaty Reinsurance
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The Third Point Re acquisition removes the immediate risk of a downgrade below A- for Sirius.
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Despite being Category 1 at landfall, Isaias caused storm surges from South Carolina to New York.
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“We have plenty of capacity to work with in this market,” said the Everest Re CEO.
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Lawyers are diligent in finding avenues to bring litigation against insurers, FedNat’s CEO Michael Braun told analysts on Thursday.
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The Lloyd’s business is looking to raise $800mn of new equity and $200mn of debt.
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The Covea deal gives PartnerRe EUR500mn of third-party funds as the retro market heads for the rocks.
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This week we discuss the impact Covid-19 trapped capital is having on the retro market and the surprise investment partnership between Covea and PartnerRe.
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The company confirmed it had bought $500mn of additional catastrophe aggregate.
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The tie-up is part of a EUR1.5bn investment deal between the French mutual and Exor
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Group margins expand by 240 basis points as the group slashes expenses.
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This week the team looks at the prospects for Convex’s new capital raise as well as the CEO transition at PartnerRe.
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The CEO highlights his company’s ability to protect jobs and salaries and forecasts a diminished role for travel and entertainment.
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