Retro

NormanMax Syndicate 3939 introduces retro capacity for hurricanes and typhoons

US-based (re)insurance group NormanMax Insurance Services has started providing parametric retro capacity for hurricanes and typhoons through its newly launched Syndicate 3939.

P&C sector only in early stages of hard market: Whitt

The commercial insurance industry is only in the early stages of a hard market as low interest rates, loss fatigue, and the catalyst of Covid-19 drive carriers to push for further price increases to get back to covering their cost of capital, according to Markel co-CEO Richie Whitt.

Lowther and Zeng ILS manager to target “entire insurance value-chain”

Richard Lowther and Lixin Zeng’s proposed property-focused start-up Integral ILS will target E&S business through a tie-up with wholesale giant AmWINS, and reinsurance and retro by working with TransRe as it looks to access the “entire insurance value-chain”.