RenaissanceRe
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The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added. -
However, the firm will take a “conservative approach” until the improvements are shown in data.
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The Insurance Insider US news team runs you through the earnings results for the day.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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GAAP reserve triangles reveal the struggles of some hybrid franchises.
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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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There’s a question mark around the tails of AY 2021-2023, the president said.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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In other property, Helene and Milton will assure rates remain attractive, he added.
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The Insurance Insider US news team runs you through the earnings results for the day.
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