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Trevor Oates will be responsible for ceded reinsurance purchasing. -
TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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The prediction comes after a highly active hurricane season in 2024.
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The combined ratio improved by 1.9 points to 94.7%.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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The carrier has received 12,300 claims as of 28 March.
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Analysts see Conduit’s extra reinsurance buying as a positive development.
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The shares will be purchased via the open market or private third-party transactions.
