Hiscox

Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.

Cat losses were within budgets despite high levels of minor events.

CFO Paul Cooper said rates would be increasing “steadily to modestly” come 1 January.

The carrier said that aggregate nat cat losses year to date are within budget despite an "active" third quarter.

The proposals, published in July, would have placed additional reporting burdens on large UK firms.

DirectAsia is a direct-to-consumer business operating in Singapore and Thailand that predominantly sells motor insurance.

London’s major carriers have projected bullish messages on a prolonged hard market for property, while acknowledging other classes are in very different cycles.

The executive said new capital would require more data points to prove the long-term profitability of reinsurance underwriting.

The carrier is “leaning into” the hard reinsurance market, while the London market segment has returned to growth.

The carrier will provide cover to a wind farm and a solar farm as part of the Aon-brokered deal.

The former Vibe CEO has also worked for Axis Capital and Ace.

The carrier announced in March that Robert Childs was retiring after more than three decades at the company.