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Aggregates that are featuring in the reinsurance market are not the low-attaching ones of prior years, he added. -
The result was impacted by recent adverse development on a liability portfolio.
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The P&C re unit will target a combined ratio below 85%.
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The P&C re unit will aim for a 79% combined ratio next year.
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The carrier said its P&C and L&H reserves have been confirmed by independent reviewers.
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The firm will maintain a close partnership with Brit as a nominated lead across all classes.
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The appointment is a “major part” of Zurich’s global strategy, the company said.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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James Irvine will report to Cathal Carr, CEO and active underwriter of Oak syndicate 2843.
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Hannah Brooke joins the UK and Ireland team from HDI’s Belgium business.
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