Deal adds scale and operating leverage for the Bermudian at an attractive price.
Reputation can still be an underrated commodity in insurance.
The deal also accelerates a strategy of pursuing increased scale and leverage.
Despite the broader withdrawal from the class, there is still too much capacity in the London market to trigger significant rate improvement.
Property direct and facultative (D&F) players are showing real patience in waiting for the market to turn.
Executives are working with Evercore to raise $3bn for the start-up.
The trade association’s intervention follows an uptick in major onshore losses with BI exposure.
New business in core casualty lines will be sourced from wholesalers only as of the first quarter of 2019.
There are two schools of thought when it comes to distribution.
The PRA’s chief general insurance supervisor backs Lloyd’s efforts to improve syndicates’ performance, but suggests some carriers still have their heads in the sand.
Casualty pricing and demand overshadow property catastrophe, while RenRe arrives just too late to steal the show.
Carriers disclose heavy cat losses as well as mixed underlying performances, as business mix shift continues.
Executives faced pointed questions about workers’ compensation claims trends and casualty pricing during Q3 conference calls.