Results
-
The headline figure of $7.15bn includes $2.91bn of DaVinci equity plus debt. -
Return on capital employed hit 13% last year as the cost of capital fell to 8%.
-
Positive cat experience impact of $600mn was offset by $500mn in property and specialty reserves.
-
The P&C Re CoR came in at 84.5%, a 10.2-point YoY improvement.
-
Nat cat events triggered A$1.23bn of losses during the year.
-
Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
-
The ILS business increased H1 fee income by 13% to $68mn.
-
The losses were not passed through to the firm’s ILS business.
-
Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption.
-
The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
-
The CEO cited ‘no change’ in appetite from a shift in the capital mix.
-
Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
Most Recent
-
KCC pegs Hurricane Francine losses at $1.5bn
16 September 2024 -
Axa XL names Caponigro head of re capital management
16 September 2024 -
Hurricane Debby costliest weather event in Quebec history: CatIQ
16 September 2024 -
Monte Carlo smoke and mirrors especially hard to decipher this year
16 September 2024 -
Francine losses to be ‘manageable’, borne by primary carriers: AM Best
16 September 2024