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The change reflects the company’s growing profile within the MS&AD group. -
TSR previously predicted activity slightly below the 1995-2024 average.
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While M&S had a cyber policy in place, Co-op and Harrods did not, Insurance Insider revealed.
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The agency forecasts up to five major hurricanes and 19 named storms.
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The carrier’s combined ratio improved by 0.7 points YoY to 91.1%.
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The underwriter joined Catlin in 2006.
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Vincent Hermenier joined Hannover Re in 2004.
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As with 2024, pricing pressure has been most acute on top layers.
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The reinsurer reported EUR2.1bn GWP for the year.
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The company’s parent MS&AD reported group profit of 691bn yen for the year.
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P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
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