Results

Hannover Re said it was in discussions with retro partners about buying less in 2024.

The group’s ceded large losses reached 17% of gross losses, up from 11% a year ago.

The deal values the Bermuda casualty re subsidiary at 0.75x book with James River to receive $138mn in cash and a $139mn pre-closing dividend.

Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.

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.