Ark
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Plus, the latest people moves and all the top news of the week. -
Ark's combined ratio included 25 points of catastrophe losses in Q1.
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Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio.
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Kevin Stokes has been with Pillar for nearly four years.
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The combined ratio included 17 points of catastrophe losses in the third quarter.
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The broker will join the marine liability team within the new Ken Syndicate 3832.
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The underwriter has spent a decade at Chaucer.
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Cat losses were lower year-on-year but other risk losses were recognised.
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The incidental syndicate will also house Liddell’s A&H team and Carr’s marine liability team.
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The carrier also reported a $16mn satellite loss during the quarter.
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The backed carrier expanded top line by 16% over the quarter.
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The renewal included $130mn from White Mountains, considerably less than the $205mn Ark’s parent kicked in for 2023.
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