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The reinsurance to close transaction is effective from 1 January 2025. -
The international segment’s CoR deteriorated slightly due to increased expenses.
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More than 33,000 claims had been filed as of 5 February.
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The group reported strong underwriting results in all major overseas P&C segments.
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The estimate covers property and vehicle claims.
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The organisation has released its mission for 2025 and signed a MoU with the ABI.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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Genna Biddell will report to Brad Melvin, president and CEO, BMS Re US.
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The Australian carrier disclosed A$426mn in net cat losses during H1.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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Newer swing products offer an alternative way to deal with escalating awards.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
