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Dutt leaving RenRe for new opportunities

RenaissanceRe CEO Kevin O'Donnell will take on responsibility for the firm's Ventures business on an interim basis.

The credential could help ILS platforms on the island advance their ESG status, industry promoter We Are Guernsey said.

Several US states were hit by tornadoes, heavy rainfall and large hail in July.

The start-up carrier reduced its price guidance for both tranches of the deal.

Losses to the Res Re and Caelus ILS series have narrowed from prior investor expectations.

Multiple carriers had to revise official terms to get programmes home as reinsurers held firm on price demands.

Reinsurers have held the line on pricing as cedants seek to close out deals, with the market showing further hardening.

Reinsurers push back on aggregate exposure from cascading covers as market gets more differentiated.

Climate change and ILS strategies: reshaping the market's response

Reconstruction in the ILS market continues, with ongoing concerns about investor sentiment, capacity growth and the impact of retro rates