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The new issuances will add to the carrier’s existing $900mn cat bond cover. -
The 1 June renewal posed challenges for Florida insurers seeking reinsurance cover.
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Louisiana appeals court decision that allows property damage claim for Covid shutdowns is contrary to every other appellate ruling on the issue.
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Storms from 16-23 June added to a “very active” quarter for the peril.
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Kevin Rehnberg, who has been out on leave for health reasons since March 2022, is stepping down from the top role and the board of directors.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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In a 3-2 split decision issued last week, Louisiana’s Fourth Circuit Court of Appeal ruled that the policy language is “ambiguous”.
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Lloyd’s said it did not expect the majority of syndicates to be impacted by the change
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The executive will report to Everest Group COO and head of reinsurance Jim Williamson.
