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Top Stories / Ad / Most Recent
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The January 1 renewal for 2023 was “one of the most profound” the company has ever had, the CEO said.
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Based in Bermuda, the executive will oversee the firm’s investments in technology and support its growth initiatives.
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The Bermuda Monetary Authority expects carriers on the island to take a 25% share of the total industry loss.
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Management are now likely to focus on growing the business given the turn in market conditions, rather than rebooting the process immediately, sources said.
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Q3 reserve releases were driven by an improvement in claims developments in most lines of its long-tail unit, as well as in its energy and property lines in the short-tail book.
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The Canadian holding company increased its ownership in the Bermudian carrier to 82.9% from 70.9%.
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Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s news team runs you through the key highlights of the week.
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In a Q3 earnings call today, Arch CEO Marc Grandisson also told investors that events like Hurricane Ian “almost always result in opportunities”.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The two Lloyd’s players are the first to bring sidecars to market as they seek to capitalize on surging projected returns.
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