With Markel as its new parent, the fund manager can diversify further away from its traditional mainstay of property cat reinsurance.
Sometimes in insurance it ain’t what you do, it’s the way that you do it that really gets results.
The Bermudian reinsurer’s twin sales have bought management time and eased its capital strains…for now.
The international multi-class facility could transition into an underwriting platform.
The wheel of reinvention turns again
The business has continued to diversify into fee-driven firms through M&A.
Several independent managers remain but ILS entrepreneurs have already largely cashed out.
Dual’s planned syndicate start-up and Beat Capital’s acquisition of Syndicate 4242 point to a Lloyd’s future where the underwriting is distanced from the capital it serves.
Currency collapse sends ripples through political risk market
A spate of stock throughput and in-transit losses have triggered rate increases in segments of the cargo market.
The mutual, which already has an 8.19 percent stake in the French reinsurer, says it wants a friendly fusion.
Overall pricing will likely stay flat despite carriers’ attempts to get increases of 5 percent.
The sector remains robust, but reinsurers should be cautious
Citrus cat bond losses are now expected to total $324mn
RMS’ Paul Wilson and former MS Amlin executive Adam Tidball have joined the firm.