RenaissanceRe
-
Cat portfolios generally grew, but casualty approaches varied. -
Wind season remains an important variable, but also might not change current dynamics significantly.
-
The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year.
-
The reinsurer has also appointed Mehdi Benleulmi as global head of credit.
-
Chance Gilliland spent a decade at Chubb underwriting property binders.
-
The firm said supply and demand was becoming more in balance than at 1 January renewals.
-
The property segment experienced a 113.5-point impact from the California wildfires.
-
He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
-
Sources warned some property XoL books are already running 50% loss ratios.
-
Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
-
The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
-
Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
Most Recent
-
Allianz Commercial to merge D&O and PI management in London
11 August 2025 -
Atrium 609’s 2021 YoA forecast worsens by 5 points
11 August 2025 -
Atrium adds Liberty’s James to aviation unit
11 August 2025 -
Daily Digest: Top news from 11 August
11 August 2025 -
O’Riordan to succeed Patel as Fidelis Partnership CFO
11 August 2025 -
Blenheim adds Stratton-Thomsett as casualty underwriter
11 August 2025 -
Why the trade credit market is homing in on Lloyd’s
11 August 2025