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According to S&P, the carrier’s outlook is “stable”. -
The carrier said it will leverage its strong position in the ongoing favourable environment.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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The reinsurer’s “refreshed” strategy to focus on AI and a new share-buyback programme.
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Six of the 10 largest syndicates remained flat or reported de-emptions.
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Lower rates and currency shifts have pushed syndicates to cut stamp.
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Plus, the latest people moves and all the top news of the week.
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The chief of market performance urged syndicates not to “pull forwards” tougher conditions by chasing topline.
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The carrier booked GWP growth of 6% for the first nine months of 2025.
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Most segments have grown premiums so far this year, but only three have observed increased rates.
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In mid-morning training, the share price had fallen by 12%.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
