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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies. -
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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Swiss Re and Talanx led the gains among listed European carriers.
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The executive has taken up board positions after stepping down as CEO of Hannover Re.
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Despite a softening market, carriers still have belief in their profitability, sources said.
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The prediction comes after a highly active hurricane season in 2024.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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The move was influenced by fierce competition in the domestic US D&O market.
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The IGH closure is bitter for employee investors left with nothing – but such investments are inherently risky.
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Modified freehold gives syndicates and investors clarity around exit plans.
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Large losses and attrition put pressure on aviation underwriters.
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The combined ratio improved by 1.9 points to 94.7%.
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