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The only major product line to see rate increases was casualty. -
The combined business volume of the two firms is CHF20.1bn.
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Chris Gray joins from Axis, where he was global head of marine reinsurance.
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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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Cyber, marine and aviation are recent areas of focus.
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Some of the Big Four are slowing growth as the market softens.
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He also joined Everest’s board last week as an independent director.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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Competition for specialty reinsurance talent remains high.
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The steep reduction in quantum stands to benefit specialty excess of loss reinsurers.
