Results
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The Italian carrier posted a record group profit of EUR7.3bn. -
For the prior-year quarter, the carrier reported a EUR9mn loss.
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The group posted an undiscounted combined ratio of 90.2% during the year.
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The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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CEO John Fowle said “isolated missteps” had tarnished Atrium’s record.
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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
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The carrier reported an undiscounted combined ratio of 89.1%.
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The reinsurer pegged the market loss at $40bn.
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The carrier pegged its LA wildfire losses at EUR140mn.
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