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North America is likely to be the most financially impacted by the scenario, Lloyd’s said. -
Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
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The programme structure was expanded, but it is unclear what percentage was placed.
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Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.
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Two major claims have prompted underwriters to question the sustainability of double-digit rate decreases.
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Plus, the latest people moves and all the top news of the week.
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The company also announced a EUR2bn share buyback.
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Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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In Partnership With Crum & Forster"The Once and Future C&F" delves into pivotal moments within the company and the insurance industry and spotlights the leaders who’ve shaped the company’s legacy over the past 200+ years.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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Insurers are moving to settle with airline lessors over Ukraine claims.
