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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases. -
At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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Meanwhile, gross written premiums grew 8.6% year on year to $985mn.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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Joanne Barry will be joining the team at Zurich.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The reduction was due to impacts from investments and less favourable PYD.
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Plus, the latest people moves and all the top news of the week.
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The facility provides up to $100mn in claims-made excess casualty coverage.
