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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium. -
The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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Erik Manning is joining the business from BMS as head of ceded reinsurance.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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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.
