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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate. -
Both organisations still predict an above-average hurricane season.
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Tom Hester joined the broker in 2018 as SVP.
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Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
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California wildfire losses were partially offset by improved underlying underwriting.
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Plus, the latest people moves and all the top news of the week.
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The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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The transaction is expected to close later this year.
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The carrier reported an increase of 82% in pre-tax income.
