Reinsurers
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Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar. -
The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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However, the firm will take a “conservative approach” until the improvements are shown in data.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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The legacy carrier reported an operating loss of $45.3mn for the year.
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The CUO’s turnover closely follows that of the CEO.
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
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The BRIC program helped fund local resiliency programs, which can reduce loss costs.
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Alex Amezquita will fill Cahill’s previous position as CFO.
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The business will still look at large non-life deals in particular in-the-money ADCs.
Related
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Intact pegs Q1 cat losses at C$244mn
April 10, 2025 -
Tariffs: Impact on insurers looks manageable (for now)
April 08, 2025