SiriusPoint
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While attritional losses were up for the quarter, those in the carrier’s core business declined. -
The search for a CFO had been underway since last July.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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The company will continue its capacity partnership with the MGA until 2030.
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The company has also expanded its relationships with US and UK MGAs.
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The carrier also benefitted from favourable reserve development in property and A&H.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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Philip Enan joins following 11 years at Chubb.
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Space pricing experienced double-digit increases after the 2023 capacity retreat.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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SiriusPoint will provide capacity for a new construction liability program.
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The partnership will launch a new umbrella excess insurance product.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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Meanwhile, SiriusPoint’s property book grew 25% in full-year 2024.
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The firm’s core CoR improved 3.2 points to 90.2%.
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After two payments, the transaction is expected to be complete in February 2025.
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Shapella will also join the company’s executive leadership team.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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The Insurance Insider US news team runs you through the earnings results for the day.
