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The group reported strong underwriting results in all major overseas P&C segments.
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Syndicate 1984 will have Names capacity and be managed by Asta.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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The estimate covers property and vehicle claims.
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The aircraft lessor said it did not expect additional recoveries.
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The organisation has released its mission for 2025 and signed a MoU with the ABI.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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A roundup of all the news you need, including the second major claim of the year for the downstream market.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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Genna Biddell will report to Brad Melvin, president and CEO, BMS Re US.
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CUO responsibilities will now be split out across senior underwriting leadership.
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The Australian carrier disclosed A$426mn in net cat losses during H1.