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The book of business comprises both personal and commercial lines.
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The announcement spurred a quick spike in stock market valuations.
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In January, 32 Acquinex transactional liability employees resigned for Howden’s underwriting arm, Dual.
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Softening in the upstream market has also accelerated beyond expectations.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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A survey from the carrier looked at the political risk and violence concerns of companies.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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Swiss Re and Talanx led the gains among listed European carriers.
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The executive has taken up board positions after stepping down as CEO of Hannover Re.
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Despite a softening market, carriers still have belief in their profitability, sources said.