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Parent group Talanx reported a 9M operating profit of EUR3.7bn. -
Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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James Cox succeeds James Lee, who is set to retire at the end of 2024.
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CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
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The P&C combined ratio improved to 94%, while premiums rose by 6.9% to EUR25bn.
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Insurance will be one of five priority growth opportunities in financial services.
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Acrisure’s syndicate launched in 2023 with an $84.4mn stamp.
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Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
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Growth vs discipline, smart follow and M&A mean 2025 will be a mixed bag for London.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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Hannover Re’s CEO said the market had been disciplined.
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The business will trade via London, the US and Canada.
