Results
-
The market also outperformed various indices including the MSCI World.
-
R&Q Legacy will book adverse development of ~23% of net reserves for the year.
-
This year’s analysis of profitability and volatility also includes an alternate view over five years.
-
In a departure from 2022 trends, fourth-quartile firms grew the slowest of all syndicates in 2023 at 8.1%.
-
Ariel and Blenheim were among eight syndicates moving into top underwriting quartile in 2023.
-
The syndicate’s total recognized gains were up to £61mn, from £28mn in 2022.
-
The syndicate reported a combined ratio of 101.2% in 2023.
-
Growth in property income was offset by a reduced share of finpro business.
-
The syndicate's GWP increased from £51.6mn in 2022 to £141.9mn.
-
The syndicate posted a combined ratio of 84.6% and GWP of more than £1.2bn.
-
Work is still to be done on the investor proposition, expenses, and navigating a waning pricing cycle.
-
The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%.
Most Recent
-
Allianz Commercial promotes Soja to lead global marine
17 April 2024 -
UAE record rainfall causes floods in Dubai
17 April 2024