PartnerRe
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The loss was driven by nat cats and reserve adjustments in US casualty. -
The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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The executive will replace retiree Michael Miller.
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The executive has also served as agriculture reinsurance VP at Navigators.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Markel executive Alan Rodrigues will lead the unit.
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Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
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The reinsurer experienced a “notable decrease” of catastrophe losses last year.
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Jon Colello will become president in the management shake-up.
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She succeeds Jonathan Schriber who joined Arch Reinsurance as US division president earlier this month.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s news team runs you through the key highlights of the week.
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Reinsurers have mostly grown since before the Covid crisis, but the type and timing of growth affects value creation,
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Jarrier has been with the carrier for over two decades, most recently as head of worldwide pricing and analytics.
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The non-life underwriting profit for the quarter came to $368mn compared with $313mn in the prior-year period.
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Overall, the carrier posted $408mn of cat and man-made losses in Q3, up from $333mn a year earlier, of which $297mn related to Hurricane Ida and the European floods.
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Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
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The carrier booked $45mn Q2 cat losses net of retrocession that included $41mn from Natal Floods and $4mn associated with the Australian floods.
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The former Chubb exec will remain on the board as an independent director, along with president and CEO Jacques Bonneau.
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The French mutual’s CEO Thierry Derez and chief of staff Sylvestre Frezal said the deal is a strategic move to adapt to new forms of risk.
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Ruparelia, a former AIG executive, will be based in London and will join PartnerRe’s executive leadership team.
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The firm posted a combined ratio of 81.3% for its P&C segment and 91.7% for its specialty unit, improving from 97.7% and 94.8% in Q1 2021, respectively.
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The firm posted a combined ratio of 80% for its P&C segment and 72.5% for its specialty unit, improving from 97.6% and 100.2% in Q4 2020, respectively.
