Ark
-
Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio. -
Kevin Stokes has been with Pillar for nearly four years.
-
The combined ratio included 17 points of catastrophe losses in the third quarter.
-
The broker will join the marine liability team within the new Ken Syndicate 3832.
-
The underwriter has spent a decade at Chaucer.
-
Cat losses were lower year-on-year but other risk losses were recognised.
-
The incidental syndicate will also house Liddell’s A&H team and Carr’s marine liability team.
-
The carrier also reported a $16mn satellite loss during the quarter.
-
The backed carrier expanded top line by 16% over the quarter.
-
The renewal included $130mn from White Mountains, considerably less than the $205mn Ark’s parent kicked in for 2023.
-
The carrier has hired Ed Atkin, Piers Harding and George Wallace from Talbot and Callum Bennett from Chaucer to run the new book.
-
The combined ratio included 11 points of catastrophe losses, largely arising from Hurricane Idalia and the Maui wildfires.
Most Recent
-
M&A Deal Update: The German market heats up
30 April 2025 -
Arch Q1 CoR increases 11.3 points to 90.1%
29 April 2025 -
Chaucer’s McLaughlin to exit for Howden Re in Miami
29 April 2025