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Insurance Insider explores the themes around growth in London and a contraction of cat limits on the horizon, in the months before an intensive 1.1 period.
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The deal is split into a ~£1.1bn reinsurance-to-close deal and a ~£100mn loss portfolio transfer.
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The executive was responsible for all types of legacy transactions, from structured adverse development cover to LPTs.
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The executive has come under fire from the company’s two largest shareholders, which are calling for his removal.
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The ratings agency warns latent exposure to property risk could cause capital deterioration.
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The latest financial condition report for Darag Bermuda shows a $69.0mn loss after tax for 2021.
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Guy Carp is advising the specialty insurer as it seeks to draw a line under adverse development from its historic program book.
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The transaction will eliminate Enstar’s direct exposure to cat business and boost its book value.
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A very public shareholder dispute is taking centre stage at a firm in transition.
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The investor now has a ~9% holding in the legacy specialist.
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The former reinsurance leader’s exit from treaty highlights wider pressures on the market.
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The transaction would mark a fifth legacy deal struck by Argo as it seeks to clean up its back book amid a strategic review.