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AmRisc completes ~$300mn sidecar raise with huge oversubscription
Sources said the deal was roughly three times over-subscribed as cat becomes hot.
Research
Trends in IBNR might suggest over-optimism in carriers’ reserving outlook.
A cleaned-up combined entity could make for an attractive investment in a few years.
Headwinds weigh on carrier results, but premiums and surplus remain mostly stable.
Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
Latest news
It is understood that the company aims to launch in Q3 or Q4 of this year.
CyberCube expects ransomware attack to impact both large and SME accounts.
The Ahoy! deal marks the first acquisition for the RedBird-backed MGA.
The complexity of the incident and US location point to one of the largest ever marine losses.
More News
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Arch elevates Morrello to head of E&S property
March 27, 2024 -
D&O rates continue to soften in most regions: Gallagher
March 27, 2024
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Global non-life run-off reserves surpass $1tn in 2023: PwC
March 27, 2024 -
Trisura completes takeover of surety firm First Founders
March 26, 2024 -
Accredited names Meek president of Accredited America
March 26, 2024
Opinion
Opinion
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Despite tax concerns, a grand exodus from Bermuda is unlikely
Kyoung-son Song -
Is cyber InsurTech MGA Cowbell's next logical step a sale?
Farhin Lilywala
MPL market under pressure as social inflation, legal headwinds loom
Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
Most Read
The MGU is exploring additional third-party capital relationships.
May and June takeout requests for Citizens are exceeding expectations.
Existing taxes could be lowered under a potential new structure.
The Bermudian posted 18.5% top line growth in its first year as a public company.
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