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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases. -
At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The remediation process is on track for completion in the fourth quarter.
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The CUO described the pricing dynamics in the line as “strong and good”.
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The reinsurer said the market was unprofitable and pricing needed to increase immediately.
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