Reinsurance
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Non-proportional business accounted for 34% of its total. -
The figure does not include specie or auto losses.
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The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
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Munich Re and Berkshire Hathaway are among the major providers to large California cedants.
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The carrier also has a $500mn excess $2.4bn aggregate protection.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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The California fires will test post-2018 treaty revisions – and reinsurers’ nerves.
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Somers Re is valued at ~$1.3bn, according to disclosures made in Arch’s Q3 2024 SEC filings.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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In Partnership With Allianz CommericalWhat is fueling the intense mergers and acquisitions activity in the MGA space, and how is it shaping the competitive landscape?
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The reinsurer has made improvements to its life and health segment, it said.
Most Recent
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Lancashire offers to buy out Names on Syndicate 2010
01 July 2025 -
Hadley set to leave MCI Syndicate 1902 for Starr
01 July 2025 -
Vantage’s Patel joins Aon as FI industry lead
01 July 2025