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The carrier boosted net premiums by 45% and shaved 2 points off its expense ratio.
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The improved combined ratio was driven by lower losses and expenses.
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The international segment’s net written premium contracted 5%.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
