Markel
-
The acquiring reinsurer will now run off the business.
-
The carriers were in arbitration with UnipolRe and Gen Re.
-
The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.
-
The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.
-
A credit loss owing to a fraudulent letter of credit from Vestto added 1 point to the combined ratio in Q3, insurance president Jeremy Noble told analysts during a conference call.
-
The ILS firm reported $6.8bn of assets under management at the third-quarter mark.
-
Markel Bermuda entered into two collateralized reinsurance transactions with White Rock for the benefit of a segregated account owned by a Vesttoo affiliate.
-
-
The CFO of parent company Markel has said it aims to lean into property cat through Nephila.
-
Nephila achieved significant rate increases at 1 January and expected the strong rate environment to continue this year.
-
The incoming president for insurance also highlighted the role Nephila could play in the transition to net zero.
-
The executive will help grow the insurer’s presence in the region and support the office’s overall operations and strategy.
Most Recent
-
Louisiana Citizens bond Bayou Re upsizes 83% to $275mn
19 April 2024 -
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