QBE
-
The company’s net cat loss fell by 1.7% to $454mn year over year. -
QBE Re CUO Peter Wilkins will step into the role until a suitable replacement is found, the company said.
-
A restructure will see a global product leader appointed for all QBE Re’s business lines.
-
The firm’s worldwide cat top layer grew by 75%, but its “top or drop” limit declined 25% and aggregate deductibles increased.
-
The reinsurer is expanding its Bermuda presence under the leadership of Tracey Gibbons.
-
The reinsurer has also appointed Greg van der Made as treaty underwriter and David Cary as underwriting manager.
-
The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.
-
The loss portfolio transfer gave an exit solution to investors in the ILS-backed legacy fund.
-
QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.
-
Fenchurch Law partner suggests "aggressive" initial claims adjustments will be unwound and the reinsurance context will need specific consideration.
-
This came after analysts said reinsurers could face further cat losses as a result of the case, although XoL claims are likely to be disputed.
-
The carrier's 2020 net loss estimate remains intact after the buffer for potential Australian BI losses.
Most Recent
-
Zurich expands global cat treaty cover by $200mn to $1.2bn
11 August 2022 -
TMK exits treaty reinsurance following strategic review
11 August 2022 -
Victor hires Everest’s John Tarpey as US reinsurance leader
11 August 2022 -
Security First Demotech rating affirmed at A
11 August 2022 -
Mitsui Sumitomo confirms Transverse acquisition
10 August 2022