-
The carrier reported an increase of 82% in pre-tax income. -
The forecast has increased since the early July update due to several additional factors.
-
The underwriter left Navium Marine last year and before that worked at Atrium.
-
The move will impact around $50mn of gross written premiums in total.
-
Tokio Marine HCC was below plan on income as the carrier prioritised bottom line.
-
A roundup of all the news you need, including a London marine move at Scor..
-
The carrier’s overall P&C combined ratio improved 1.8 points to 91.2%.
-
However, group organic growth among public brokers has slowed to pre-pandemic levels.
-
The Swiss carrier improved its P&C combined ratio by 1.2 points to 92.4%.
-
More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
-
Cat losses of $1.5mn, net of reinsurance, were primarily due to severe convective storms.
-
Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
