-
The steep reduction in quantum stands to benefit specialty excess of loss reinsurers. -
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.
-
The programme structure was expanded, but it is unclear what percentage was placed.
-
Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.
-
Two major claims have prompted underwriters to question the sustainability of double-digit rate decreases.
-
Plus, the latest people moves and all the top news of the week.
-
The company also announced a EUR2bn share buyback.
-
Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
-
The estimate is based on industry losses in the range of $35bn-$45bn.
-
CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
-
Insurers are moving to settle with airline lessors over Ukraine claims.
