-
He also joined Everest’s board last week as an independent director. -
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
-
Sinead Cormican has served as deputy underwriter for the past four years.
-
Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
-
Aviation reserve strengthening added 10.1 points to the combined ratio.
-
“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
-
John Howard was appointed as an independent, non-executive member.
-
The estimate is based on industry losses in the range of $35bn-$45bn.
-
Cat losses in the quarter totalled $49.1mn, net of reinsurance, of which $37.8mn was from Milton.
-
The firm projects losses from the fires at between $160mn-$190mn.
-
The group's reinsurance book was also hit with cat losses during the quarter.
-
The carrier reported $2.8mn of favourable development compared to a $3.3mn charge a year ago.
