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Standfirst: The syndicate reported a strong turnaround despite exposure to major claims. -
Experts at Insider Progress shared tried-and-true methods to get women into boardrooms.
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The syndicate expects to book a combined loss of £39mn from hurricanes Helene and Milton.
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Plus, the latest people moves and all the top news of the week.
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The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The syndicate achieved a profit despite a “relatively heavy” catastrophe year.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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The broker said that businesses not investing in AI capabilities would be left behind.
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Instead, the reinsurer plans to write more casualty business through its innovations book.
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Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
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Results were impacted by prior year reserving and an unwind of intragroup reinsurance recoveries.
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Most of the market’s largest syndicates kept their CoRs below 90% as prices remained adequate.
