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The Lloyd’s carrier is expected to try to claim multiple times under the policy. -
Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
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Plus, the latest people moves and all the top news of the week.
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The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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The carrier reported an increase of 82% in pre-tax income.
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The forecast has increased since the early July update due to several additional factors.
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The underwriter left Navium Marine last year and before that worked at Atrium.
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The move will impact around $50mn of gross written premiums in total.
