August 2019/1
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Pro forma analysis shows the combined gross written premium of Syndicates 2012 and 1955 to be £666mn. -
The three Sunshine State carriers that reported earnings last week suffered operating losses in the quarter.
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Further details of the cyber placement show the risk is fairly evenly spread across the US, Bermuda and London markets.
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With honourable exceptions, big generalist businesses with highly corporate cultures are bad acquirers of smaller, more specialised outfits with entrepreneurial mindsets.
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The results showed a mixed bag for (re)insurer use of third-party capital.
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Swiss Re’s medmal exit comes after ProAssurance’s warning last quarter of companies being “swept away by the tide”.
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A third of the portfolio is targeted for remediation, as a shift towards third-party reinsurance purchasing is signalled.
Most Recent
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The Week in 90 Seconds: CFC probe; Stamp capacity; COP28
01 December 2023 -
Lloyd’s plans 11% 2024 premium growth to £60bn
30 November 2023 -
Severity is the ‘major driver’ in R&W losses: Euclid Transactional
30 November 2023 -
Marsh lands Canopius and Axa XL for Fast Track facility
30 November 2023