Results
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The carrier posted its H1 results earlier today, beating analyst consensus. -
The unit said capital in the ILS market remains more than adequate to meet rising demand.
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The company also purchased $15mn of SCS parametric coverage.
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In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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Markel announced the sale of its global reinsurance renewal rights to Nationwide.
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The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
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This brings the carrier’s total limit on the program to $1.8bn.
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Reserve releases helped to recapture deferred fees.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
