SiriusPoint
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The ratings agency noted “significant” underwriting improvement in 2023-24. -
SiriusPoint’s property book grew 25% in full year 2024.
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The firm’s core CoR improved 3.2 points to 90.2%.
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The reinsurer is buying out China Minsheng affiliate at year-end.
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Under his leadership SiriusPoint has established partnerships with several marine MGAs.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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The carrier booked $30.6mn of favourable development in the quarter.
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Q2 2023 PYD had included reserve releases in connection with the LPT to Compre.
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The carrier is expanding its MGA partnerships and has invested in its marine team.
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The executive will replace Habib Kattan, who joined the company last summer.
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The Irish MGA will be able to underwrite commercial property risk up to EUR10mn.
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