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Bermuda:Re+ILS Spring 2016

38 Spring 2016 Bermuda:Re/insurance+ILS CASUALTY TEAMS RenaissanceRe As well as its decades-long leadership in catastrophe reinsurance, RenaissanceRe has grown its casualty and specialty book and has built a market-leading business in many classes. Its highly-experienced team designs innovative, solutions-oriented products that address the challenges its clients face. Says the firm: “We develop long-term relationships that last through market cycles, so our clients can count on us to be here when they need us most. Our strong ratings and capital position, plus our track record of paying claims, mean that our clients trust us to be a resilient, dedicated partner. “In Bermuda, we have a strong presence in local and international casualty and professional lines placements and systemic clash. In addition, we’ve been growing our book of credit business and mortgage reinsurance, and building capacity in that space to meet client demand. “Across our platforms, our highly-coordinated team has been successful in working with brokers to bring new products and new capacity to the market in areas such as cyber and reps and warranties.” Renaissance Reinsurance: Ratings: AM Best ‘A+’; Standard & Poor’s ‘AA-’ Target business: Low frequency, high severity global reinsurance; all casualty and specialty classes; all business requires a cap; predominantly excess of loss RenaissanceRe Specialty Risks: Ratings: AM Best ‘A’; Standard & Poor’s ‘A+’ Target business: Non-US domiciled quota share reinsurance; all casualty and specialty classes; business does not require a cap Key executives Ross Curtis, senior vice president and group chief underwriting officer; David Marra, senior vice president and chief underwriting officer—casualty & specialty; Jay Cahill, vice president; Brian Flynn, vice president; Trevor Leitch, assistant vice president; James Riley, assistant vice president; Calvin Thomas, assistant vice president. Tokio Millennium Re Tokio Millennium Re’s (TMR) core casualty markets are excess casualty and professional lines. It says that its unique selling points in include its unconditional parental guarantee and its rating of ‘A++’ from AM Best. It is able to provide significant capacity in the casualty lines it targets. Coupled with that, it has an appetite for “casualty cat” business, which helps it diversify its portfolio at tough periods in the underwriting cycle. “Our flat organisational structure allows us to be agile and capable of making timely underwriting decisions to respond quickly to opportunities,” says the firm. It does not publish information relating to exactly how much gross premiums written it underwrites in this line. Key executives Stephen O’Flynn, executive vice-president, underwriting, head of casualty; Victoria Cunningham, assistant vice president, underwriting; Chris Carpol, assistant underwriter. “Across our platforms, our highlycoordinated team has been successful in working with brokers to bring new products and new capacity to the market in areas such as cyber and reps and warranties.” RenaissanceRe “Our flat organisational structure allows us to be agile and capable of making timely underwriting decisions to respond quickly to opportunities.” Tokio Millenium Re


Bermuda:Re+ILS Spring 2016
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