Resolution Life has now secured commitments of approximately $5 billion since its launch in September 2018.
Nectaris Re retrocedes its business to Horseshoe Re II, with cells that are funded by ILS funds managed by Leadenhall Capital Partners.
The incoming chair replaces Michael Fosbury of Columbian Mutual Life Insurance Company, who retains a seat on the board.
As CEO Latin America he will work to build out the company’s re/insurance capability in key Latin American markets.
Created in partnership with Markel Specialty, the programme is geared towards gig economy contractors.
The company made a profit compared to a loss in the same quarter last year.
The role has been filled by an internal promotion and will involve overseeing the successful integration of all of Aston Lark’s acquisitions.
It aims to save commercial property insurers £500m a year.
As the cyber insurance market matures, it will need both standardisation and innovation to sustain its growth. But even those things won’t necessarily protect the market from some difficult times as the market develops.
As the world marches towards an increasingly interconnected future, cyber will become one of the biggest risks that companies will need to manage—and insurers will need to qualify, price and underwrite. This will mean a fundamental shifting of the portfolio mix for most insurers.