Treaty Reinsurance
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Sources of strong reinsurance brokerage growth at Guy Carpenter and Aon Benfield appear to be a bullish indicator on upcoming treaty demand.
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The carrier has also lowered the upper limit of the policy by $100mn to $900mn.
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Companies with high reinsurance dependence face “difficult choices”, the ratings agency said in a new report.
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Michael Jordan worked at the London-listed carrier for more than 14 years.
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Reserve strengthening across the unit housing Antares pushes the underwriting ratio further into the red.
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Current rules allow lawyers in some insurance cases to collect up to 30 times what an insured is awarded for a claim.
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The executive says retention and new business wins drive growth.
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A fire to the southwest of the Australian capital is “out of control” and over 21,500 hectares in size.
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First-party claims account for most of the payout, with further third-party claims from the 2019 breach still to come.
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The company narrowly beats the consensus EPS forecast as expansion in both broker segments accelerates.
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The Bermuda carrier predicts full-year net profit of about $1bn, in line with forecasts.
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The carrier predicts fiscal first-half reserve releases equivalent to 1.3 percent of NEP.
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