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The market reacted to the $2.4bn charge in a positive light. -
The carrier has also completed a review of its L&H unit.
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The company said it is still on target to achieve $3bn net income for the full year.
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The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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Envelop Underwriting will bring all the firm’s underwriting into one framework.
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The CEO was responding to comments made by Chubb’s Evan Greenberg.
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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.
