-
The carrier is reducing its exposure to quota shares and shifting to XoL.
-
The carrier said market dynamics were shifting due to increased capacity.
-
The loss ratio rose 1.9 points to 53.1%, while the expense ratio ticked up 0.6 points to 28.1%.
-
The carrier had $20mn in reserve releases in the quarter, compared to nil in Q2 2024.
-
The legacy player is working to secure its first deal, and could look to expand to US E&S.
-
The broker has recruited from its rival as it looks to launch Willis Re 2.0.
-
Wind season remains an important variable, but also might not change current dynamics significantly.
-
-
The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year.
-
-
Last year, the firm obtained a Class 4 license in Bermuda.
-
Andrew Creed has been promoted to group president in addition to his role as group CFO.