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Scor ‘satisfied’ with Q3 P&C attritional loss of 70.4%: Conoscente

Global P&C CEO Jean-Paul Conoscente, acknowledging a "heavy" quarter for attritional losses, said the carrier had taken action that should lead to ratio improvements over time.

Abbie Day, 10 November 2023
RenRe CEO O’Donnell to receive up to $12mn in shares

Other senior executives, including CFO Robert Qutub and general counsel Shannon Bender, received stock awards of $750,000 for their involvement in the Validus Re acquisition.

Aisling Finn, 10 November 2023
Court rejects US Trustee’s Chapter 7 motion for Vesttoo

The Trustee had sought to accelerate the liquidation process while avoiding significant admin costs.

Jai Singh, 10 November 2023
Aspen promotes Hart to international head of cyber

Edward Hart joined Aspen in February and has previously held roles at Brit and Barbican.

Abbie Day, 10 November 2023
BOC Aviation receives $208mn insurance payout from Aeroflot subsidiary

The lessor said the payment was in relation to eight aircraft formerly leased to Pobeda Airlines, the low-cost subsidiary of Aeroflot.

Aisling Finn, 10 November 2023
Hamilton prices IPO below target to raise $225mn

The carrier’s $15 per share listing came in below its $16.90 book value per share at the mid-year reporting point, or a 0.9x multiple.

Fiona Robertson, 10 November 2023
AGCS third-quarter profit jumps 41% to EUR289mn

Profits were down 14.6% at group level to EUR3.46bn, which Allianz attributed to the P&C business segment, where nat cats had a 7.3-point impact on the combined ratio, the highest reported in a decade.

Abbie Day, 10 November 2023
The Week in 90 Seconds: Chubb’s Kessler; RenRe’s O’Keefe

If you only read a handful of stories this week, make it the selection below. 

Ayesha Venkataraman, 10 November 2023
Scor P&C reports 57.8-point combined ratio improvement for Q3

The French carrier's operating result was EUR257mn, an increase of more than 130% on the prior-year period.

Abbie Day, 10 November 2023
Q3 results, S&P upgrade validate turnaround strategy: SiriusPoint CEO

The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.

Thorsten Schier, 09 November 2023

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