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There are a few people in Bermuda scratching their heads at some of the loss numbers being discussedI spent the early part of last week in Bermuda and, in between running for cover whenever it rained, my days saw me visiting contacts and hearing their thoughts on the current major market talking points.
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Meredith Head will join the reinsurer in September after more than 10 years at TMR.
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The Floridian carrier bought 8 percent more cover than last year, inclusive of a $3.2bn core cat tower.
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Preliminary data suggests the number of reported tornadoes in the quarter to date is the highest since 2011.
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Experts still forecast an average hurricane season.
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The company’s reinsurance spend as a proportion of earned premium rose to 33.3 percent – up 2 percentage points.
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The tornado, rated an EF-4 and one mile wide, followed a spate of roughly 60 twisters that broke out across the Midwest.
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Protector and Munich Re are in arbitration in Norway over a claim relating to the 2017 fire which killed 72 people.
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It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.
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NOAA reports that 60 tornadoes may have struck eight midwestern states on Monday.
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Sister publication Inside P&C examines the first-quarter results from the US.
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Arch Capital backed hedge fund carrier’s outlook graded “stable”.