RenaissanceRe
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The reinsurer tends to support a number of syndicates where it has a potential relationship. -
In other property, Helene and Milton will assure rates remain attractive, he added.
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Hurricane Milton is estimated to have a net negative impact of $275mn on Q4 results.
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Everest Re bucked a more general trend to keep cat exposure stable.
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The property market remains “one of the most favourable... I've seen in my career", he said.
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The property CoR improved by 9.1 points, while casualty and specialty’s fell 5 points.
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The specialty treaty market is preparing to deal with the fallout from the Baltimore bridge disaster.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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The property CoR improved by 13.7 points, while casualty and specialty’s deteriorated by 6.7 points.
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The 100% equity award will vest in full after five years.
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Sven Wehmeyer, Jodie Arkell, Hugh Brennan and Ed Cruttenden have new roles.
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Strong reinsurance results have absorbed long-tail reserve charges.
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