Reinsurance
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal. -
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The overseas division booked a combined ratio of 94% for the quarter.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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The London carrier missed consensus on gross and net premiums for H1.
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The carrier’s profit grew 34% for the year to A$1.35bn.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
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The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
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It is targeting low-risk specialty lines where it has a competitive edge.
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