SiriusPoint
-
While attritional losses were up for the quarter, those in the carrier’s core business declined. -
Plus, the latest people moves and all the top news of the week.
-
The company reported no cat losses but saw a jump in attritional losses.
-
The MGA is also looking to build out its US mid-market professional liability expertise.
-
The carrier has renewed and extended its capacity arrangement with the MGA.
-
The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
-
The company will continue its capacity partnership with the MGA until 2030.
-
Property MGA Arden Insurance Services specialises in multi-family habitations.
-
The company has also expanded its relationships with US and UK MGAs.
-
The carrier also benefitted from favourable reserve development in property and A&H.
-
SiriusPoint will provide 100% capacity for Pen’s international PI portfolio.
-
Andrew Pryde succeeds Andreas Kull, who will stay on until September.
-
Philip Enan joins following 11 years at Chubb.
-
The business is looking to grow its marine offering across its global platform.
-
Space pricing experienced double-digit increases after the 2023 capacity retreat.
-
Meanwhile, gross written premiums grew 8.6% year on year to $985mn.
-
The executive will provide strategic leadership to underwriting and portfolio management teams.
-
The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
-
Anthony Grew joins SiriusPoint after four years with Allied World.
-
The ratings agency noted “significant” underwriting improvement in 2023-24.
-
SiriusPoint’s property book grew 25% in full year 2024.
-
The firm’s core CoR improved 3.2 points to 90.2%.
-
The reinsurer is buying out China Minsheng affiliate at year-end.
-
Under his leadership SiriusPoint has established partnerships with several marine MGAs.
-
The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
-
The carrier booked $30.6mn of favourable development in the quarter.
-
Q2 2023 PYD had included reserve releases in connection with the LPT to Compre.
-
The carrier is expanding its MGA partnerships and has invested in its marine team.
-
The executive will replace Habib Kattan, who joined the company last summer.
-
The Irish MGA will be able to underwrite commercial property risk up to EUR10mn.
-
A roundup of all the news you need today, including Lloyd’s chairman candidates.
-
A round-up of all the news you need today, including the departure of the heads of FL and PI at Westfield.
-
Tara Hill launched last month and is headed by Core Specialty’s Peter McKeegan.
-
She has also been a director of Enstar Group since October 2020.
-
Steve Yendall is stepping down after 18 months as SiriusPoint CFO.
-
This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
