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ASR launched Syndicate 2454 at Lloyd’s last year. -
He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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Swiss Re and Talanx led the gains among listed European carriers.
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Despite a softening market, carriers still have belief in their profitability, sources said.
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The prediction comes after a highly active hurricane season in 2024.
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Modified freehold gives syndicates and investors clarity around exit plans.
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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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The process for the legacy book is believed to be in the late stages.
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Growth was driven by Lloyd’s Syndicate 1274 and Antares Re.
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The group is expecting to announce more M&A deals this year.
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Gallagher Re’s global head of retrospective solutions, James Dickerson, recently exited.
