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Robin Hamilton has been appointed head of energy and marine liability. -
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
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Supply generally exceeded demand and trading relationships were ‘strong’, CEO Tom Wakefield said.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
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Growth vs discipline, smart follow and M&A mean 2025 will be a mixed bag for London.
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Hannover Re’s CEO said the market had been disciplined.
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The reinsurer’s large losses tallied up to EUR1.3bn for the nine-month period to 30 September.
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The broker said the casualty segment is approaching an “inflexion point”.
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The investor has paid in an extra £12.5mn for an additional 5% holding.
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Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.
