Reinsurance
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Global specialty insurer StarStone reported $51mn of adverse development
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The carrier was the only Floridian to report loss creep from Hurricane Irma in the quarter.
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Nephila has also stopped buying ILW cover as the market of buyers shrinks.
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CEO Bronek Masojada said the company is growing in the right areas.
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Scor “remains open to discussion” about participating in an alternative reinsurance scheme.
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The Floridian missed estimates, but continued diversifying growth outside of Florida.
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The bill was passed in a 37-1 vote and awaits the governor’s signature.
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The transaction is the first third-party transfer into Darag Italia
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The Catlin-Brand start-up brings on board senior property underwriters.
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An arbitrator ruled the buyout firm is owed $1.2mn for ex-employees’ use of confidential information.
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The executive becomes UK and Ireland leader for P&C and life within the broker’s insurance consulting and technology operation.
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Tech is coming for insurance – just not in the way we thought.
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