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Robin Hamilton has been appointed head of energy and marine liability. -
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
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Rate increases are less severe and renewals are flat in some segments.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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A look back at the stories that defined the year in P&C for 2024.
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The P&C industry had a rude awakening as fresh claims data came rolling in post-pandemic.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
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By contrast, capacity remains tight at the lead level.
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There’s a question mark around the tails of AY 2021-2023, the president said.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
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Ceding commissions remain elevated but primary rates are improving reinsurer margins.
