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Hannover Re’s CEO said the market had been disciplined. -
The business will trade via London, the US and Canada.
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The reinsurer’s large losses tallied up to EUR1.3bn for the nine-month period to 30 September.
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The business’s total stamp for both syndicates has hit £1bn for 2025.
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Alistair Brighton will succeed Alistair Fraser as CEO for corporate and commercial in the UK.
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Paul Keaveney leaves Zurich after nearly a decade with the carrier.
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Kevin Stokes has been with Pillar for nearly four years.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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The D&F market now expects 2025 renewals to be flat to down 5%
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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Some US and European cedants will likely see "specific adjustments" to their programmes.
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The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
