Brit
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A strategy is in place for the carrier to expand its presence on the Island. -
Smart-follow is creating a third tier of provider – the “lead follower” – but broader efficiencies must be achieved.
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Ki has ramped up hiring and is expected to secure a separate managing agent.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
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The executive was CEO of PartnerRe until retirement earlier this year.
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The track record of smart-follow vehicles is still young, but the segment is gaining traction.
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On a discounted basis, Brit's combined ratio deteriorated by 2.1 points to 72.7%.
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Staff movement has been elevated in the energy market since the beginning of the year.
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Growth in property income was offset by a reduced share of finpro business.
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Combined ratios have improved as prices rise and investments return to profit.
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The partnership will add more capacity on the platform from April.
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