North America
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The carrier was seeking to expand its 1 March-renewing programme. -
The reinsurer anticipates downward rate pressure to continue over 2025.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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A rebound is expected this year, however, led by strong US activity.
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“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
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The company’s syndicate has booked an 87.4% combined ratio for 2024.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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This year’s coverage will involve $2.94bn of new risk transfer.
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The offering includes GA, aviation GL and airport and product manufacturers liability.
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Andrew George will report to president and CEO of Marsh Martin South.
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These events can also no longer be considered secondary perils, executives said.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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