Property
-
The London-listed carrier said that market dislocation could last for years and had created a strategic opportunity for the carrier. -
The reinsurance market next year will be a “challenging environment”, which Beazley expects to “shift significantly”, according to CEO Adrian Cox.
-
Conduit Re CEO Trevor Carvey said that a lack of legacy left the carrier well placed for the upcoming renewal.
-
The California-based carrier specialises in personal lines cat cover.
-
The carrier pushed London brokers for a reduction in the traditional 15% commission.
-
Hannover Re said that it expected its total gross Ian losses to be slightly below EUR400mn.
-
The carrier also offered assurances on the strength of its reserving to combat inflation.
-
Gross written premium grew across all business lines, with P&C reinsurance reporting a 37.5% increase.
-
The reinsurer raised $122mn in Q3, including $100mn for PGGM joint venture Vermeer and $22mn in its cat bond fund.
-
Peter Zaffino said AIG expected to able to source similar levels of reinsurance capacity as currently given its relationships with counterparties.
-
The company’s third-party assets dropped $178mn during Q3 to $4.2bn.
-
A 3.9-point decline in the casualty and specialty segment offset a 2.5-point deterioration in the company’s property business.
