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Overall, syndicates have slightly improved 2022 forecast returns, with 2023 projections closer to stable. -
The loss figure has increased 200% from the initial number provided in October.
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The agency’s outlook for global reinsurance remains at Positive.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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There has been a period of staff displacement in the specialty reinsurance market.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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O’Brien was previously head of cyber centre of excellence for international at Guy Carpenter.
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The additions included significant reserve bolstering for recent year portfolios 2021-2023.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The group reported a combined ratio of 91.2 for the period.
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The stock price rose as analysts declared the L&H reserving review better than feared.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
