Bermuda
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The company has settled, or is in the settlement stage, for 80% of the exposure. -
The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
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The new CEO said recent purchases were designed to protect earnings volatility.
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The CEO said Ascot would deploy capital where it sees opportunities.
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New CEO Eckert said Conduit had taken “decisive action” after the LA wildfires.
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The company’s upsized public offering priced at $30 per ordinary share.
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Hamilton also expects rising demand and stable supply for 1 June renewals.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
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Q1 adverse reserve development went down to $4.2mn from $5.4mn a year ago.
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Hamilton reported $150.5mn of net cat losses, partially offset by $9.2mn favourable prior year development.
Most Recent
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Daily Digest: Top news from 19 May
19 May 2025 -
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16 May 2025