Munich Re
-
The carrier’s Q1 P&C re combined ratio is around 75%.
-
Hitesh Kotak has been appointed CEO for Japan, India, Korea and South East Asia.
-
The syndicate posted a combined ratio of 84.6% and GWP of more than £1.2bn.
-
Last summer’s hail loss has crept significantly for many Italian cedants.
-
The carrier is partnering with Munich Re Syndicate and Tokio Marine HCC.
-
Hard-won profitability has given carriers room to salt away reserves.
-
Opportunities for profitable growth remain in 2024, the agency said.
-
It also highlighted loss deterioration on its 2015-2018 casualty books.
-
The carrier announced a capital repatriation plan of EUR3.5bn.
-
The segment has bounced back from its mid-2022 nadir, but its current zenith is not that much to shout home about.
-
The uptake on war exclusions, which was followed by other reinsurers, could signal the end of "endless" discussions on the topic.
-
The binder has a line size of $2mn and will enable the MGA to write international property risks in a number of international territories.
Most Recent
-
Lockton promotes Schlesinger and Sandford in crisis team
25 April 2024 -
Howden: The strategic imperative to add a fourth backer
25 April 2024 -
UIB taps ex-Lockton Re Colombia head Roos Krause as CBO
24 April 2024 -
R&Q secures lenders’ approval for $465mn Accredited sale
24 April 2024