Specialty treaty
-
The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY. -
The carrier’s top line grew to $1.4bn in the first half of 2025.
-
The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
-
This publication revealed the move earlier this year.
-
The reinsurer also hired Martin Bages as Latin America and Caribbean head.
-
The carrier has been exploring launching into P&C organically or via acquisition.
-
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
-
CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
-
Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
-
The changes affect operations in Switzerland, Bermuda and the US.
-
The broker is launching a reinsurance arm in partnership with Bain Capital.
-
The only major product line to see rate increases was casualty.
