Results

The Smart Tracker Syndicate 5623 was established with the aim of delivering a ‘smart beta’ portfolio to investors.

Prior-year cat loss years that are finally shaking out drove fee benefits in Q3.

“That’s one of the things we're monitoring ... but I think there are positive signs in the marketplace that litigation is down,” Garateix told analysts on the company’s third-quarter earnings call.

The carrier reported a Q3 combined ratio of 138.8% for casualty within the P&C re unit.

The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.

A credit loss owing to a fraudulent letter of credit from Vestto added 1 point to the combined ratio in Q3, insurance president Jeremy Noble told analysts during a conference call.

Axis set up a new casualty sidecar in the quarter.

The ILS firm reported $6.8bn of assets under management at the third-quarter mark.

The carrier returned $369mn of capital to third-party investors in Q3 from investors in the Upsilon and Vermeer vehicles.

The firm entered new aggregate excess of loss reinsurance contracts in 2023 that have multiple layers of coverage.

The Floridian insurer’s loss from the hurricane was within its reinsurance retentions.

The company’s on-risk Kilimanjaro Re cat bond volumes have been gradually shrinking in the past year.