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The carrier’s CoR improved across P&C, including at commercial lines-focused Axa XL. -
A roundup of all the news you need, including Hiscox’s 2024 results.
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Conditions in the London market remain attractive according to CEO Aki Hussain.
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UK and Ireland GI premiums rose 16% over the year.
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Katie McGrath is appointed CorSo CUO amid a restructure of the unit.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The carrier announced a $175mn share buyback.
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The carrier increased premium by 7% at the January renewals.
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Cat losses in the quarter totalled $49.1mn, net of reinsurance, of which $37.8mn was from Milton.
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Last month, MGA Acquinex’s 20+ transactional risk team resigned for roles at Howden-owned MGA Dual.
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The firm projects losses from the fires at between $160mn-$190mn.
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