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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker. -
The additions included significant reserve bolstering for recent year portfolios 2021-2023.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The stock price rose as analysts declared the L&H reserving review better than feared.
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The market reacted to the $2.4bn charge in a positive light.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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Envelop Underwriting will bring all the firm’s underwriting into one framework.
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Hannover Re’s CEO said the market had been disciplined.
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The reinsurer’s large losses tallied up to EUR1.3bn for the nine-month period to 30 September.
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He succeeds Christian Hermelingmeier, who is set to become Hannover Re’s new CFO.
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The outgoing CEO will leave the company at the end of March 2025.
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Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
