Reinsurance
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The estimate is net of its per-occurrence reinsurance program and gross of tax. -
A higher loss quantum will put a greater burden on retro programmes.
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The carrier unveiled its launch last week and is hiring across its divisions.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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Hampden embarked on a new “intelligent follow” strategy in 2023.
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The reinsurance to close transaction is effective from 1 January 2025.
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The international segment’s CoR deteriorated slightly due to increased expenses.
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James Shea will lead the new Sompo P&C arm, while Yasuhiro Oba will become Wellbeing CEO.
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Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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The second half of the year was significantly more active for the legacy market.
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The carrier enters H2 with a clean reinsurance programme.
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