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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene. -
The additions included significant reserve bolstering for recent year portfolios 2021-2023.
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Under his leadership SiriusPoint has established partnerships with several marine MGAs.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The number of Corporation roles potentially impacted remains unknown.
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Good leaders and embracing data are key, panellists said.
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The stock price rose as analysts declared the L&H reserving review better than feared.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
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Improved underwriting results thanks to pricing action were offset by nat cat activity in Canada.
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The market reacted to the $2.4bn charge in a positive light.
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The carrier has also completed a review of its L&H unit.
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The company said it is still on target to achieve $3bn net income for the full year.
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