Reinsurance
Axa XL Re appoints Schiffer as NA reinsurance chief
Swiss Re executive Greg Schiffer joins carrier to lead North American reinsurance business
HCI to cede majority of hurricane losses to reinsurers
Florida home insurer will retain only $185m of its $750m in gross losses from hurricanes Debby, Helene and Milton
Arch Capital chief executive Grandisson retires
Bermuda-based re/insurer names Papadopoulo as new CEO
Reinsurers’ catastrophe budgets ‘can withstand $50bn Milton industry loss’
Double blow of hurricanes Helene and Milton could threaten smaller carriers focused on Florida, analysts warn
Fears of $50bn-plus loss event as Milton barrels towards Florida
A landfall just north of Tampa Bay would be the industry’s worst-case scenario, leading to very significant losses that would hit reinsurers as well as primary carriers
MNK Group establishes Malaysian reinsurance business
New reinsurance business Pt Mekong Re will focus on aviation, construction, property, energy and forestry
Starwind launches $270m Fractal Re sidecar
Programme manager partners with Stone Point Credit on casualty-focused collateralised reinsurer
Pine Walk launches specialty reinsurance MGA
Silverflame Re will focus on marine, energy and composite and credit and surety
Miller completes Bruzon acquisition
Broker broadens European footprint with acquisition of Madrid-based specialty broking and advisory firm
Acrisure Re hires Sharpe to lead London-based specialty re team
Re/insurance broker taps Gallagher Re for senior hire for international reinsurance division
Reinsurers expected to avoid Helene losses as cat 4 storm misses Tallahassee
But record Tampa Bay storm surge means Helene will likely become one of the 10 largest losses for the National Flood Insurance Progam
Burgeoning African market ideal for portfolio diversification
Demand for cover from African businesses is growing as the continental free trade agreement is set to increase the flow of goods and finance, Africa Specialty Risks chief executive says
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