Legacy
-
The newly launched Marco Re will be led by Mark Elliott as CEO.
-
CEO Booth said there is “continued interest” in the NA captive market.
-
The first edition of the vehicle has generated fee income of $29mn to date.
-
The carrier has agreed to acquire the former Credit Suisse ILS unit, following the acquisition of sister company Humboldt Re in 2021.
-
The CEO received $3.9mn in shares alongside his salary and bonus.
-
The company believes the program management and legacy businesses would work better as standalone operations.
-
The deal provides collateralised backing for Riverstone’s mammoth £1.2bn reinsurance-to-close deal struck for MS Amlin and other transactions.
-
The Italian group previously halted writing catastrophe excess-of-loss business.
-
The executive chairman has sold around half of his holding back to the company.
-
Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking.
-
The firm hopes to offer investors legacy and live risk in the future.
-
Chris Harding and James Ferris have been appointed as directors of capital and risk advisory, effective April 2022.
Most Recent
-
Allstate pegs March pre-tax cat losses at $328mn
18 April 2024 -
PFZW’s ILS allocation drops 9% in Q1 to $8.3bn
18 April 2024 -
Zenkyoren secures $150mn of Japanese quake coverage
17 April 2024