The deal is the US agency’s third ILS transaction.
Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
The UK terrorism insurance scheme looks to add additional layers to its main 1 March retrocession renewal.
Four regional cross-business CEO positions will be created.
Social inflation is not just a Florida issue – it's also top of mind in the casualty market.
New issuances fell to the lowest level since 2011, amid an uptick in risk levels and US exposures, according to Trading Risk data.
Reinsurers pegged 2019 nat cat losses 23 percent lower than the 10-year average, but prior-year disasters created headlines.
Intermediaries called the renewal “asymmetric” and “divergent” as rates began to move up after a pressured few years.
Reconstruction in the ILS market continues, with ongoing concerns about investor sentiment, capacity growth and the impact of retro rates
Reinsurance conditions began moving in investors’ favour in mid-year 2019, marking a delayed reaction to 2017-2018 losses.
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