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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount. -
Insurance will be one of five priority growth opportunities in financial services.
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The additions included significant reserve bolstering for recent year portfolios 2021-2023.
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Acrisure’s syndicate launched in 2023 with an $84.4mn stamp.
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Under his leadership SiriusPoint has established partnerships with several marine MGAs.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The number of Corporation roles potentially impacted remains unknown.
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Good leaders and embracing data are key, panellists said.
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The group reported a combined ratio of 91.2 for the period.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
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Improved underwriting results thanks to pricing action were offset by nat cat activity in Canada.
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The market reacted to the $2.4bn charge in a positive light.
