Treaty Reinsurance
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California blazes including the Glass Fire have driven up the estimate considerably since September. -
Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
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The ratings agency has affirmed the reinsurer’s financial strength and long-term ICR ratings while flagging underwriting concerns.
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Inside P&C looks at standout stories from the last week.
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The state-backed carrier escaped lightly from hurricane losses but 500 Eta claims await payment.
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The intermediary raises capital after an agreement to buy Burnham Benefits.
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The ratings agency said supply-demand dynamics had improved, but thinning reserve cushions could prove a headwind to companies.
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The appointment reflects a diversification push at the carrier.
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The US carrier has offloaded a tranche of liability business written out of London.
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Ex-Ariel CFO Angus Ayliffe becomes the latest member to join the team, which Jeff Clements will lead.
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Brian Johnston will work as CEO and CFO, with Tom Hodson as deputy CEO and Stephanie Mocatta leading business development.
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The latest appointments include former Markel property head Peta White and former EY partner Gail McGiffin.
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