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Sources said that detailed discussions have taken place, with a clear path to a deal. -
The mid-year renewals point to mounting pressure on reinsurance pricing.
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The deal was announced last month.
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Candy Wong spent 30 years at Aon Re China before a stint at Guy Carpenter.
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Top line grew across all carriers even as pre-tax profits dipped.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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The CEO said the carrier will prioritise margin over top-line growth.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The overseas division booked a combined ratio of 94% for the quarter.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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The London carrier missed consensus on gross and net premiums for H1.
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