PartnerRe
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The carrier recorded average rate rises of 9% for P&C accounts renewing at April 1.
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His arrival comes in the wake of a series of departures from Validus Re’s specialty reinsurance team.
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The securities have a coupon of 4.875%.
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Moody’s has assigned a Baa2 rating to the securities.
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The new board member has worked for the Agnelli family for over 20 years.
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The Bermuda reinsurer's net income per share fell 5% to $206mn during the period.
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The ratings agency says it is concerned about the impact of Covid-19 on the insurer and its future operating performance.
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The Covea deal gives PartnerRe EUR500mn of third-party funds as the retro market heads for the rocks.
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The tie-up is part of a EUR1.5bn investment deal between the French mutual and Exor
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The incoming CEO plans growth in retro, cat and property per risk as pricing improves.
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Hannover Re’s Henchoz elected vice-chair of the 12-company-strong forum.
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The executive reports to recently arrived P&C Americas CEO Jon Colello.
