Lancashire
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The (re)insurer flags $33.2mn of losses from Hurricane Dorian and Typhoon Faxai. -
The rebadging comes four years after the exit of the original top team.
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Swiss Re is the (re)insurer likely to take the largest overall loss of the eight companies studied.
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Kinesis deployed 50 percent more limit year on year while RenaissanceRe grew its DaVinci sidecar.
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Claims inflation looks set to squeeze reserve releases and offset the impact of rate rises.
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The CEO said that cutting back during the soft cycle had left the carrier in “great shape”.
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Optimism on pricing prospects eclipses a worse-than-expected underwriting result.
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The insurer saw high growth in marine, property and its Lloyd’s business Cathedral.
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The carrier says it remained largely immune from market-wide loss creep from 2017 and 2018 events.
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The finance chief, who joined Lancashire in 2006, says it's time for a change.
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Listed London carriers have reported renewal rate increases of 3-4 percent, compared to mid-to-high single digits disclosed by US players.
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The London-listed insurer records rate rises in some key specialty classes over the first quarter.
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