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Ark's combined ratio included 25 points of catastrophe losses in Q1. -
The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
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Gallagher Re said rates had softened in 2025 versus the prior two years.
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Till Wagner and Felix Rollin have been named executive board members in Germany.
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The CEO expects overall P&C pricing to be “stable” through 2025.
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Sentiment at the ILS Connect event hosted by Insurance Insider ILS was generally positive.
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The carrier booked LA wildfire losses of EUR148mn.
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The executive was previously a top US casualty broker.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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Meanwhile, gross written premiums grew 8.6% year on year to $985mn.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
