-
Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake. -
Everest’s AIG deal meaningfully cuts its primary exposure.
-
The revised outlooks reflect the difficult moment as Everest moves away from retail.
-
In insurance, premium growth came from all lines of business except cyber.
-
Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
-
The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
-
Despite the pricing pressure, margins for the line of business remain attractive, he added.
-
Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
-
The carrier recently expanded its reinsurance product suite in Bermuda.
-
The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
-
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
-
The protection covers the US insurance book for the 2024 and prior accident years.
