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Hamilton Q3 CoR decline reflects lower cat losses, business mix transformation: CEO Albo
Hamilton is seeing additional opportunities on the casualty reinsurance front as other players pull back, given the loss activity stemming from 2019 and prior years.
Latest News
The former Argo executive will join the MGA on 1 January, pending regulatory approval.
Its combined ratio for the quarter improved nearly 30 points, particularly driven by better performance in its Bermuda segment.
The MAPA will allow APCL clients to participate in a portfolio of syndicates without the need to own the underlying capacity.
The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.
Opinion
Major 2024 elections to exacerbate already uncertain political risk market
Sources said that with heightened geopolitical risks, pricing is already "much higher" than at any point in the last five years.
Most Read
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Hamilton reports Q3 CoR at 92.6% in first post-IPO earnings
05 December 2023 -
Argenta Private Capital teams up with Helios on new Lloyd’s vehicle
05 December 2023 -
Optio re-enters PVT market with new capacity from AmFirst Specialty
05 December 2023
Analysis
There are clear strategic advantages to the company’s London launch – but demand may not be as high as in the US.
The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.
The voluntary carbon market reached $2bn in 2021, and is expected to grow to $10bn-$40bn by 2030, according to a report by Shell and the Boston Consulting Group published in January.
Growth opportunities at Lloyd’s no longer limited to top underwriting performers, Insurance Insider’s survey shows.
More News
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Former Aon MD Rose to join Bondaval as group CUO
06 December 2023 -
Citizens seeks $5.5bn in private market reinsurance for 2024
05 December 2023
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Axis appoints Galanski to board of directors
04 December 2023 -
Augment binds $1bn in first year, confirms Matson as CEO
04 December 2023 -
Miller takes WTW’s Barber-Murray to head downstream oil and gas
04 December 2023 -
COP27 L&D fund can protect countries from GDP loss: Howden
04 December 2023
Interviews
Interviews
The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.
Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
Aon’s three-year plan will allow the firm to go “further faster” in serving clients with increasingly complicated needs, as well as creating additional operating leverage that will create the opportunity for Aon to deploy capital more broadly, CEO Greg Case told this publication.
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