Aspen
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The Bermudian (re)insurer reported a combined ratio of 132.8 percent for the cat-heavy fourth quarter. -
The carrier has hired from HDI, Aspen, Allied World, MS Amlin and Munich Re.
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The probe mirrors the investigation started by the UK’s FCA in 2017 which was taken over by the European Commission that same year.
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Job losses and the merging of aviation teams helped maintain upwards pressure on rates.
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ARML writes a book of UK regional P&C business and was bought by the carrier in 2010.
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Expectations of rate rises and outsized catastrophe losses resulted in a subdued annual performance for the composite index.
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The insider fills a space vacated by Cliff Hope, who is moving to Lexington.
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Settle in for The Insurance Insider’s 12 days of Insurancemas.
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Trapped collateral after recent catastrophes could buttress pricing, the analysts say.
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PartnerRe will shut its DIFC branch, while Aspen Re has dropped fac business in the region.
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Tom Allen joined Channel in June 2016 to launch the cyber division.
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The Paris-based Helvetia subsidiary has acquired Aspen marine hull renewal rights and underwriters.
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